MARKET ACTION REPORT April 2011

Washington DC

Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $359,000
Average List Price of all Current Listings $611,794
April Median Sales Price $399,995 $375,000
April Average Sales Price $537,169 $496,012
Total Properties Currently for Sale (Inventory) 2,424
April Number of Properties Sold 463 1,821
April Average Days on Market (Solds) 62 68
Asking Price per Square Foot (based on New Listings) $436 $415
April Sold Price per Square Foot $397 $392
April Month's Supply of Inventory 5.2 5.4
April Sale Price vs List Price Ratio 97.7% 96.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

900
Property Sales 800
April Property sales were 463, down 33.4% from 695 700

763
in April of 2010 and 19.9% lower than the 578 sales

695
693
692
600

654
652

639
627
last month. April 2011 sales were at a mid level

594
580

578
500

565

556
549

544

538
537
521

compared to April of 2010 and 2009. April YTD sales

498

494
493
490
485
400

463
454

447
438
421

413
of 1,821 are running 8.4% behind last year's year-to-

398
382
300

369
358
338

date sales of 1,987.

280

200
266

100
0
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 M A
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 600
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in April was $399,995, up

550
3.4% from $387,000 in April of 2010 and up 6.5%
from $375,465 last month. The Average Sales Price 500
in April was $537,169, up 8.1% from $496,831 in 450
April of 2010 and up 6.1% from $506,511 last month.
April 2011 ASP was at the highest level compared to 400
April of 2010 and 2009. 350
300
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 M A
08 09 10 11

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 4,000
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
14
The Total Inventory of Properties available for sale as of
April was 2,424, up 2.8% from 2,357 last month and down 3,500 12
3,528

3,486
3,471

3,455
3,453

3,422
3,391
3,386

17.1% from 2,925 in April of last year. April 2011 3,000

3,297
3,272

3,272

3,271
3,236
3,199

10
3,090

3,036
3,034

3,015
2,975
2,959

Inventory was at its lowest level compared with April of

2,925
2,924

2,916

2,879
2,875

2,500
2,792
2,763

2,729

8
2,573

2010 and 2009.

2,544

2,528
2,510

2,424
2,422

2,357
2,319

2,000
6
1,500
A comparatively lower MSI is more beneficial for sellers 1,000 4
while a higher MSI is better for buyers. The April 2011 2
500
MSI of 5.2 months was at a mid level compared with April
of 2010 and 2009. 0 0
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 M A
08 09 10 11

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
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 Residential Brokerage
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.
MARKET ACTION REPORT April 2011
Washington DC

Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 100
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 90
days the average Property is on the market before it 80 68
sells. An upward trend in DOM tends to indicate a 70 62
move towards more of a Buyer's market, a downward 54
60
trend a move towards more of a Seller's market. The 50
DOM for April was 62, down 12.7% from 71 days last 40
month and up 14.8% from 54 days in April of last year. 30
The April 2011 DOM was at a mid level compared with 20
April of 2010 and 2009. 10
0
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 M A
08 09 10 11

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 450
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 440
the direction of Property values. Since Median Sales 430
Price and Average Sales price can be impacted by the 420
'mix' of high or low end Properties in the market, the 404
410 397
selling price per square foot is a more normalized 400 386
indicator on the direction of Property values. The April 390
2011 Selling Price per Square Foot of $397 was down 380
1.7% from $404 last month and up 2.9% from 386 in 370
April of last year. 360
350
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 M A
08 09 10 11

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 100%
The Selling Price vs Original Listing Price reveals the 99%
98.4%
average amount that Sellers are agreeing to come down 99%
from their original list price. The lower the ratio is 98% 97.7%
below 100% the more of a Buyer's market exists, a ratio 98%
at or above 100% indicates more of a Seller's market.
97% 96.5%
The April 2011 Selling Price vs Original List Price of
97.7% was down from 97.8% last month and down from 97%
98.4% in April of last year. 96%
96%
95%
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 M A
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 4,000 Inventory New Listings Sales

This last view of the market combines monthly 3,500

3,528

3,486
3,471

3,453

3,455
3,422
3,391
3,386

inventory of Properties for sale along with New Listings 3,000

3,297
3,272

3,272

3,271
3,236
3,199

3,090

3,034

3,036
3,015
2,975
2,959

and Sales. The graph shows the basic annual

2,924

2,925

2,916

2,879
2,875

2,500
2,792
2,763

2,729
2,573

seasonality of the market as well as the relationship

2,544

2,528
2,510

2,422

2,424
2,357

2,000
2,319

between these items. The number of New Listings in

April 2011 was 1,102, up 6.4% from 1,036 last month 1,500
and down 21.5% from 1,403 in April of last year. 1,000
500
0
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 M A
08 09 10 11
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
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
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.