MA ARCHIVED December 2017 | Page 73

Market Action Report
County: Rappahannock
December 2017
Rappahannock
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 December was 306, up 159.3%
from 118 days last month and up 40.4% from 218 days in
December of last year. The December 2017 DOM was at a mid
level compared with December of 2016 and 2015.
3 Mo Avg
400
350
306
300
250
218
200
135
150
100
50
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
300
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 250
more normalized indicator on the direction of Property values.
The December 2017 Selling Price per Square Foot of $237 was up 200
51.7% from $156 last month and up 17.5% from 202 in December
of last year.
150
3 Mo Avg
237
202
177
100
50
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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 December 2017 Selling Price vs Original
List Price of 87.3% was down from 94.4% last month and down
from 87.8% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
95%
91.8%
90%
87.8%
87.3%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
140
60
80
100
120
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 December 2017 was 4, down 63.6% from 11 last month and
equal to 4 in December of last year.
40
20
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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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