FL ARCHIVED December 2017 | Page 125

ORANGE 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 132 , up 20.0 % from 110 days last month and up 20.0 % from 110 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
134
110
3 Mo Avg
132
50
0
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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
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
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
390
370
371
a more normalized indicator on the direction of Property values .
350
The December 2017 Selling Price per Square Foot of $ 371 was
up 8.7 % from $ 341 last month and up 21.3 % from 306 in
330
December of last year .
310
302
306
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 89.6 % was down from 91.9 % last month and down from 89.7 % 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 57 , down 21.9 % from 73 last month and up 54.1 % from 37 in December of last year .
290 270 250
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %
600 500 400 300 200 100
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Selling Price versus Listing Price Ratio
93.9 %
89.7 % 89.6 %
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F M A M J
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A S O N D
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Inventory / New Listings / Sales
389 404 408 411 406 411 399
Avg Selling Price divided by Avg Listing Price for sold properties during the month
401 407 404 379 356 369
404 437 454 456 496 500 496 487 457 434 413 414 434 453 460 451 452 441 436
3 Mo Avg
425 417 402 383
0
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F M A M J
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A S O N D
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Coldwell Banker Global Luxury SM | 125