FL ARCHIVED January 2018 | Page 202

Niceville Community Information | School District

Niceville Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 71 , up 42.0 % from 50 days last month and up 22.4 % from 58 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 .
120
100
80
60
40
74
58
71
20
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 Selling Price per Square Foot of $ 153 was up 2.5 % from $ 149 last month and up 2.1 % from 150 in January of last year .
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 January 2018 Selling Price vs Original List Price of 98.3 % was up from 96.3 % last month and up from 96.4 % in January 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 January 2018 was 80 , up 63.3 % from 49 last month and down 10.1 % from 89 in January of last year .
0
200 190 180 170 160 150 140 130 120 110 100
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
300 250 200 150 100
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
3 Mo Avg
136
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 versus Listing Price Ratio
94.8 %
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
Inventory / New Listings / Sales
254
266 280 273 269 249 248
Avg Selling Price divided by Avg Listing Price for sold properties during the month
236 228 231 219 222 227 233
256 241 253 246
211 202 196 188
170
150
96.4 %
197 192 201 194 183 183 169 161
3 Mo Avg
153
98.3 %
142 139 144 128 128
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
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