FL ARCHIVED June 2017 - Page 160

Volusia County Community Information | School District

Volusia County 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 June was 52 , down 3.7 % from 54 days last month and down 10.3 % from 58 days in June of last year . The June 2017 DOM was at its lowest level compared with June 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 June 2017 Selling Price per Square Foot of $ 118 was up 3.1 % from $ 115 last month and up 16.2 % from 102 in June 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 June 2017 Selling Price vs Original List Price of 96.6 % was down from 96.7 % last month and up from 96.3 % in June 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 June 2017 was 661 , down 9.6 % from 731 last month and up 7.7 % from 614 in June of last year .
Days On Market for Sold Properties
100
90
80
76
70
58
60
52
50
40
30
20
10
0
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
F M A M J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
2,500
2,000
1,500
1,000
500
87
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
F M A M J
14
15
16
17
102
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
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
F M A M J
14
15
16
17
Inventory / New Listings / Sales
2,182 2,182 2,221 2,183 2,129 2,026 2,030 1,972 1,955 1,914 1,876 1,930 1,880 1,897 1,814 1,821 1,792 1,728 1,712 1,674 1,674 1,627 1,597 1,590 1,584 1,659 1,658 1,625 1,613 1,489 1,425 1,400 1,361 1,334 1,378 1,384
96.3 %
3 Mo Avg
3 Mo Avg
118
96.6 %
0
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
F M A M J
14
15
16
17
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