FL ARCHIVED July 2017 | Page 57

Englewood Community Information | School District

Englewood 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 July was 70 , down 25.5 % from 94 days last month and down 21.3 % from 89 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 .
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 $ 177 was up 1.5 % from $ 174 last month and up 6.0 % from 167 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 92.8 % was up from 91.6 % last month and up from 92.2 % 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 69 , down 27.4 % from 95 last month and down 10.4 % from 77 in July of last year .
180 160 140 120 100 80 60 40 20 0
200 190 180 170 160 150 140 130 120 110 100
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
600 500 400 300 200
Days On Market for Sold Properties
90 89
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
143
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
167
Selling Price versus Listing Price Ratio
93.0 %
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
Inventory / New Listings / Sales
467
462 501 489 492 516 502
Avg Selling Price divided by Avg Listing Price for sold properties during the month
459 432
396
354 318 308 318 352 367 375
403 460 449
403 375
341
92.2 %
316 300 310 330 332 346
382 426 435
3 Mo Avg
3 Mo Avg
393 375 356
70
J
177
J
92.8 %
J
336
100 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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