FL ARCHIVED April 2017 - Page 181

Oviedo Community Information | School District

Oviedo Community Information | School District

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 April was 36 , down 20.0 % from 45 days last month and down 28.0 % from 50 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
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 April 2017 Selling Price per Square Foot of $ 140 was up 0.1 % from $ 140 last month and up 8.1 % from 130 in April of last year .
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 April 2017 was 139 , up 20.9 % from 115 last month and up 3.7 % from 134 in April of last year .
Days On Market for Sold Properties
90
80
70
63
60
50
50
40
36
30
20
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their 99 % original list price . The lower the ratio is below 100 % the more of 98 % a Buyer ' s market exists , a ratio at or above 100 % indicates more
97 % of a Seller ' s market . The April 2017 Selling Price vs Original List Price of 97.1 % was up from 96.1 % last month and up from 96.6 %
96 % in April of last year .
95 % 94 % 93 % 92 % 91 %
119
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
14
15
16
17
130
Selling Price versus Listing Price Ratio
94.8 %
90 %
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
14
15
16
17
Inventory / New Listings / Sales
300 250 200 150 100 50
251 278 279 280 271 259 249
Avg Selling Price divided by Avg Listing Price for sold properties during the month
257
260
226 228 239 227 226 232 226 230 223 212
199 184
96.6 %
3 Mo Avg
3 Mo Avg
140
97.1 %
189 189 180 176 200 207 206 204 210 202 184 186 168 172 184
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
14
15
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 181
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