MA ARCHIVED September 2016 | Page 55

Market Action Report

County: Fairfax

September 2016

Fairfax County
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 September was 84, up 25.4%
from 67 days last month and down 6.7% from 90 days in
September of last year. The September 2016 DOM was at a mid
level compared with September of 2015 and 2014.

3 Mo Avg

120
100

90

84

80
56

60
40
20
0

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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 September 2016 Selling Price per Square Foot of $256 was
up 4.4% from $246 last month and up 3.0% from 249 in
September of last year.

300
290
280
270
260
250
240
230
220
210
200

3 Mo Avg

256

255

249

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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 September 2016 Selling Price vs
Original List Price of 93.5% was down from 94.7% last month
and down from 94.5% in September of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%

95.3%

94.5%
93.5%

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791

784

873

839

890

880

796

649

581

681

580

878

825

894

870

886
785

648
559

521

613
526

751

714

716

749

729

744

686
462

412

408

555

581
491

1,000
900
800
700
600
500
400
300
200
100
0

893

Inventory / New Listings / Sales

Inventory / New Listings / Sales

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 September 2016 was 207, up 53.3% from 135 last
month and up 4.0% from 199 in September of last year.

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Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage
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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