FORT MYERS
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 79 , down 54.3 % from 173 days last month and up 6.8 % from 74 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
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 $ 350 was up 8.3 % from $ 323 last month and up 1.6 % from 345 in December of last year .
350 300 250 200 150 100 50 0
500
450
400
350
Days On Market for Sold Properties
259
74 79
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Selling Price per Square Foot |
3 Mo Avg |
381
3 Mo Avg
345 350
300
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 84.4 % was down from 88.9 % last month and down from 100.1 % in December of last year .
250
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
82.4 %
100.1 %
3 Mo Avg
84.4 %
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 8 , down 65.2 % from 23 last month and down 46.7 % from 15 in December of last year .
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Inventory / New Listings / Sales |
140 120 100 80
100
100 106 99 97
89 96 93 98 99 98 96 101 113 117 118
111
104 94 90 95 100 110 111
120 132 133
126
119 112 111
101 90 94 97 99
60 40 20 0
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