FL ARCHIVED December 2017 | Page 10

HILLSBOROUGH 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 December was 141 , down 19.9 % from 176 days last month and down 24.2 % from 186 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
102
186
3 Mo Avg
141
50
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 December 2017 Selling Price per Square Foot of $ 325 was up 9.3 % from $ 298 last month and down 12.7 % from 373 in December of last year .
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
98 %
original list price . The lower the ratio is below 100 % the more of
96 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
94 %
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 90.4 % was down from 94.5 % last month
92 %
and down from 91.8 % in December of last year .
90 %
88 %
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 December 2017 was 28 , down 34.9 % from 43 last month and up 7.7 % from 26 in December of last year .
0
450 430 410 390 370 350 330 310 290 270 250
86 % 84 % 82 % 80 %
350 300 250 200 150
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F M A M J
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A S O N D
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A S O N D
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F M A M J
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A S O N D
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Selling Price per Square Foot
3 Mo Avg
294
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F M A M J
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A S O N D
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A S O N D
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A S O N D
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Selling Price versus Listing Price Ratio
94.0 %
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F M A M J
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A S O N D
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A S O N D
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A S O N D
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Inventory / New Listings / Sales
224
226 247 246 248 246 238
Avg Selling Price divided by Avg Listing Price for sold properties during the month
249 254 252 255 237 247 234 245 254 244 262 267 257 258 251 254
373
91.8 %
235 248
269 286 298 294 280 281 288
3 Mo Avg
282 278 272
325
90.4 %
254
100 50 0
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
15
16
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