FL ARCHIVED December 2017 | Page 186

Market Action Report Panama City Beach City: Panama City Beach December 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con 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 December was 135, down 8.8% from 148 days last month and up 33.7% from 101 days in December of last year. The December 2017 DOM was at a mid level compared with December of 2016 and 2015. 3 Mo Avg 250 200 150 135 119 101 100 50 0 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 M J J A S O N D 15 16 17 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 Propert