FL ARCHIVED December 2017 | Page 69

HOLLYWOOD

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 220 , up 24.3 % from 177 days last month and up 61.8 % from 136 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
350 300 250 200 150 100
Days On Market for Sold Properties
87
136
3 Mo Avg
220
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 $ 401 was up 0.8 % from $ 398 last month and down 1.4 % from 406 in December of last year .
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Selling Price per Square Foot
3 Mo Avg
2,700
2,200
1,700
1,200
700
567
406 401
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 79.8 % was down from 89.0 % last month and down from 103.3 % in December of last year .
200
120 % 100 % 80 % 60 % 40 % 20 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
84.3 %
103.3 %
3 Mo Avg
79.8 %
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 16 , down 33.3 % from 24 last month and up 14.3 % from 14 in December of last year .
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Inventory / New Listings / Sales
250
200
150
100
128 125 129 133 122 124 122 116 116 124 134 126 132
144 155 151 151 151 147 155 157 160 174 172 185 188 187 178 180 175 170 176 185 190 194
178
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