FL ARCHIVED January 2018 | Page 184

Market Action Report City: Panama City Panama City January 2018 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 January was 72, down 16.3% from 86 days last month and down 17.2% from 87 days in January of last year. The January 2018 DOM was at its lowest level compared with January of 2017 and 2016. 3 Mo Avg 300 250 195 200 150 87 100 72 50 0 F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J 15 16 17 18 Selling Price per Square Foot 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 January 2018 Sell