MA ARCHIVED February 2016 | Page 57

Fairfax County

MARKET ACTION REPORT

County: Fairfax

February 2016

Agent Name

Title
Phone
Website
Other

Community Information
Price Range: All | 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 67, up 6.3% from 63 days last
month and up 8.1% from 62 days in February of last
year. The February 2016 DOM was at a mid level
compared with February of 2015 and 2014.

80
70
60
50
40
30
20
10
0

Average Days on Market (Listing to Contract) for properties sold during the month

53

3 Mo Avg

67

62

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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
February 2016 Selling Price per Square Foot of $248
was up 0.9% from $245 last month and down 0.2%
from 248 in February of last year.

300
290
280
270
260
250
240
230
220
210
200

Average Selling Price per Square Foot for properties that sold during the month

249

3 Mo Avg

248

248

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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 or above 100% indicates more of a Seller's market.
The February 2016 Selling Price vs Original List Price of
98.0% was up from 97.8% last month and equal to
98.0% in February of last year.

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

100%

3 Mo Avg

100%
99%
99%

98.1%

98%

98.0%

98.0%

98%
97%
97%
96%

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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
February 2016 was 1,134, up 47.7% from 768 last
month and up 7.2% from 1,058 in February of last year.

4,000

Inventory

New Listings

Sales

3,500
3,000
2,500
2,000
1,500
1,000
500
0

1,564
1,821
2,091
2,082
2,115
2,136
2,290
2,189
1,853
1,520
1,507
1,633
1,905
2,348
2,831
2,890
2,958
2,996
3,114
2,925
2,350
1,922
1,849
2,025
2,413
3,058
3,475
3,467
3,483
3,384
3,376
3,179
2,586
2,057
1,949
2,044

Inventory / New Listings / Sales

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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS 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.

c o l dw el l b a n k er h o m es.c o m

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