MA ARCHIVED February 2016

Prince William MARKET ACTION REPORT County: Prince William 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 tr end 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 70, down 13.6% from 81 days last month and down 1.4% from 71 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 3 Mo Avg 71 70 47 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 $143 was down 0.2% from $143 last month and down 3.1% from 147 in February of last year. 200 190 180 170 160 150 140 130 120 110 100 Average Selling Price per Square Foot for properties that sold during the month 151 3 Mo Avg 147 143 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 98.0% was down from 98.2% last month and down from 98.1% 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% 98.2% 98.1% 98.0% 98% 98% 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 1,800 1,600 This last view of the market combines monthly inventory of Properties for sale along with New Listings 1,400 1,200 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 1,000 between these items. The number of New Listings in 800 February 2016 was 443, up 29.5% from 342 last month 600 and down 14.6% from 519 in February of last year. 400 200 0 Inventory / New Listings / Sales New Listings Sales 828 883 917 928 1,007 1,073 1,087 1,054 952 858 836 893 1,026 1,196 1,325 1,408 1,454 1,483 1,454 1,398 1,258 1,100 1,096 1,120 1,223 1,457 1,622 1,608 1,618 1,488 1,474 1,411 1,180 953 867 803 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 | 71

MA ARCHIVED February 2016 | Page 71