DESTIN
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 229 , up 14.5 % from 200 days last month and down 20.2 % from 287 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 . |
700 600 500 400 300 200 |
Days On Market for Sold Properties
274 287
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3 Mo Avg
229
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100 |
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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 $ 470 was up 10.2 % from $ 426 last month and up 5.6 % from 445 in December of last year .
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600 550 500 450 400 350 300
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
306
445
470
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 89.5 % was down from 90.5 % last month and down from 90.0 % in December of last year .
250
120 % 100 % 80 % 60 %
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
80.0 %
3 Mo Avg
90.0 % 89.5 %
40 % 20 %
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 11 , down 15.4 % from 13 last month and up 57.1 % from 7 in December of last year .
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17 |
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Inventory / New Listings / Sales |
180 160 140 120 100 80 60 40 20 0
158 160 157 156 147 148 153 158 161 155 151 145 142 145 152 159 162 159 154
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16 |
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17 |
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150 144 146 143 138 127 134 133 127 129 133 133 132 136 140 138 135
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