FL ARCHIVED July 2017 | Page 206

Santa Rosa County Community Information | School District

Santa Rosa County Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for July was 72 , up 1.4 % from 71 days
100
last month and down 20.9 % from 91 days in July of last year .
The July 2017 DOM was at its lowest level compared with July of
80
2016 and 2015 .
60
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 July 2017 Selling Price per Square Foot of $ 116 was down 5.2 % from $ 122 last month and up 6.2 % from 109 in July 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 July 2017 Selling Price vs Original List Price of 98.0 % was up from 97.6 % last month and up from 96.8 % in July 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 July 2017 was 494 , down 0.6 % from 497 last month and up 19.0 % from 415 in July of last year .
40 20 0
150 140 130 120 110 100 90 80 70 60 50
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
2,500
2,000
1,500
1,000
500
Days On Market for Sold Properties
97
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
F M A M J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
105
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
F M A M J
14
15
16
17
Selling Price versus Listing Price Ratio
94.8 %
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
F M A M J
14
15
16
17
Inventory / New Listings / Sales
2,209 2,170 2,184 2,146 2,148
2,261
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,214 2,275 2,244 2,257 2,234 2,126 2,041 1,973 1,958 1,884 1,845 1,840 1,845 1,820 1,796 1,797 1,793
91
109
96.8 %
1,677 1,618 1,580 1,537 1,492 1,459 1,445 1,448 1,424
3 Mo Avg
3 Mo Avg
1,383 1,429 1,361
72
J
116
J
98.0 %
J
1,309
0
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
F M A M J
14
15
16
17
J
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