MA ARCHIVED February 2016

MARKET ACTION REPORT County: Loudoun Loudoun 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 69, down 1.4% from 70 days last month and down 14.8% from 81 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. 90 80 70 60 50 40 30 20 10 0 Average Days on Market (Listing to Contract) for properties sold during the month 81 3 Mo Avg 69 55 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 $175 was up 3.5% from $169 last month and down 6.9% from 188 in February of last year. 200 195 190 185 180 175 170 165 160 155 150 Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 188 175 175 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 or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs Original List Price of 97.8% was down from 98.2% last month and down from 97.9% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 100% 3 Mo Avg 99.0% 99% 99% 97.9% 98% 97.8% 98% 97% 97% 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 Inventory / New Listings / Sales 2,000 1,800 This last view of the market combines monthly inventory of Properties for sale along with New Listings 1,600 1,400 and Sales. The graph shows the basic annual 1,200 seasonality of the market as well as the relationship 1,000 between these items. The number of New Listings in 800 February 2016 was 435, up 27.2% from 342 last month 600 and down 4.4% from 455 in February of last year. 400 200 0 Inventory / New Listings / Sales New Listings Sales 986 1,053 1,179 1,185 1,216 1,186 1,191 1,148 1,003 892 902 973 1,098 1,292 1,510 1,635 1,699 1,656 1,625 1,592 1,399 1,231 1,179 1,256 1,427 1,666 1,716 1,703 1,682 1,623 1,602 1,522 1,333 1,129 1,059 1,065 Inventory 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 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 | 65

MA ARCHIVED February 2016 | Page 65