FL ARCHIVED April 2017 | Page 162

WALTON COUNTY

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 246 , up 42.2 % from 173 days last month and up 1.2 % from 243 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
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Days On Market for Sold Properties
3 Mo Avg
243 246
154
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 $ 636 was up 5.0 % from $ 606 last month and up 6.8 % from 595 in April of last year .
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Selling Price per Square Foot
3 Mo Avg
548
595
636
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 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 April 2017 Selling Price vs Original List Price of 89.1 % was down from 90.3 % last month and down from 90.1 % in April of last year .
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98 % 96 % 94 % 92 % 90 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.9 %
90.1 %
3 Mo Avg
89.1 %
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 65 , down 39.8 % from 108 last month and down 20.7 % from 82 in April of last year .
88 % 86 % 84 %
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Inventory / New Listings / Sales
428 436 438 439 430 421 427 426 422 430 439 438 429 425 429 445 459 466 452
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448 446 463 490 508 532 534 551 566 563 556 553 531 533 536 554 547
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