Market Action Report
County: Fredericksburg City
April 2017
Fredericksburg
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: All | 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 April was 96, down 1.0% from 97
days last month and up 45.5% from 66 days in April of last year.
The April 2017 DOM was at a mid level compared with April of
2016 and 2015.
3 Mo Avg
180
160
140
120
96
100
80
67
66
60
40
20
0
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 J A S O N D J F M A
14
15
16
17
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 April 2017 Selling Price per Square Foot of $166 was up
17.0% from $142 last month and up 8.6% from 153 in April of
last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
166
153
138
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 J A S O N D J F M A
14
15
16
17
Selling Price versus Listing Price Ratio