MA ARCHIVED June 2016 | Page 57
Market Action Report
County: Falls Church City
June 2016
Falls Church
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for June was 16, down 62.8% from 43
days last month and down 86.2% from 116 days in June of last
year. The June 2016 DOM was at its lowest level compared with
June of 2015 and 2014.
3 Mo Avg
160
140
116
120
100
80
60
40
30
16
20
0
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
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14
15
16
-20
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The June 2016 Selling Price per Square Foot of $324 was up
19.7% from $270 last month and up from 0 in June of last year.
3 Mo Avg
450
400
350
324
324
300
250
200
150
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
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14
15
16
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The June 2016 Selling Price vs Original List
Price of 97.0% was down from 99.5% last month and equal to
97.0% in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
97.0%
96.0%
97.0%
95%
90%
85%
80%
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
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14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
18
16
16
12
11
11
9
9
11
12
14
14
13
9
10
11
10
7
7
7
7
8
8
8
8
5
5
6
6
4
7
6
7
8
9
8
9
10
12
12
12
14
14
11
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in June 2016 was 7, equal to 7 last month and up 16.7% from 6 in
June of last year.
2
0
J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
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14
15
16
Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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