FL ARCHIVED January 2018 | Page 204

Santa Rosa County Community Information | School District

Santa Rosa County 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 83 , equal to 83 days last month and down 6.7 % from 89 days in January of last year . The January 2018 DOM was at its lowest level compared with January of 2017 and 2016 .
140 120 100 80 60
126
89
83
40
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 $ 120 was up 0.9 % from $ 119 last month and up 8.3 % from 111 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 96.8 % was down from 97.4 % 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 432 , up 32.9 % from 325 last month and down 11.1 % from 486 in January of last year .
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
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 %
102
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
111
Selling Price versus Listing Price Ratio
95.3 %
90 %
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
2,500
2,000
1,500
1,000
500
2,206 2,270 2,239 2,253 2,229
2,119
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,035 1,970 1,952 1,877 1,840 1,836 1,841 1,816 1,795 1,797 1,794 1,678 1,625 1,587 1,550 1,505 1,474
96.4 %
1,461 1,477 1,467 1,445 1,508 1,447 1,462 1,397 1,382
3 Mo Avg
1,384 1,370 1,337
120
96.8 %
1,250
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
204 | c o l d w e l l b a n k e r h o m e s . c o m