Washington, D.C.
MARKET ACTION REPORT
Washington DC
February 2016
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Condo
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 February was 49, up 2.1% from 48 days last
month and down 37.2% from 78 days in February of
last year. The February 2016 DOM was at its lowest
level compared with February of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
90
80
70
60
50
40
30
20
10
0
77
3 Mo Avg
78
49
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 J A S O N D J F
13
14
15
16
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
February 2016 Selling Price per Square Foot of $603
was up 33.7% from $451 last month and up 5.2% from
573 in February of last year.
Average Selling Price per Square Foot for properties that sold during the month
850
3 Mo Avg
800
750
700
650
584
600
603
573
550
500
450
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 J A S O N D J F
13
14
15
16
Selling Price versus Listing Price Ratio
Selling Price vs Original Listing 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