FL ARCHIVED December 2017 | Page 12

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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 107 , down 47.3 % from 203 days last month and down 44.0 % from 191 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
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Days On Market for Sold Properties
62
191
3 Mo Avg
107
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Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values . Since Median Sales Price and
440
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 .
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399
The December 2017 Selling Price per Square Foot of $ 340 was
up 5.4 % from $ 323 last month and down 14.7 % from 399 in
380
December of last year .
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340
340
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 December 2017 Selling Price vs Original List Price of 92.8 % was down from 95.8 % last month and up from 92.7 % in December 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 December 2017 was 20 , down 35.5 % from 31 last month and up 11.1 % from 18 in December of last year .
320 300
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
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Selling Price versus Listing Price Ratio
93.7 % 92.7 % 92.8 %
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Inventory / New Listings / Sales
152
152 174 174 174 172 162
Avg Selling Price divided by Avg Listing Price for sold properties during the month
170 177 172 172 163 171 166 170 174 161 171 176 170 165 158 163 152 154
173 191 194 190 177 173 179
3 Mo Avg
175 170 172
157
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