FORT MYERS
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 May was 120 , down 30.2 % from 172 days last month and up 15.4 % from 104 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 . |
350 300 250 200 150 100 |
98 104 |
120 |
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50 |
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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 May 2018 Selling Price per Square Foot of $ 369 was up 36.5 % from $ 270 last month and down 7.6 % from 399 in May of last year .
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Selling Price per Square Foot |
3 Mo Avg |
301
399 369
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 May 2018 Selling Price vs Original List Price of 87.2 % was up from 82.5 % last month and down from 87.7 % in May of last year .
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120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
84.7 %
3 Mo Avg
87.7 % 87.2 %
40 % 20 %
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 May 2018 was 25 , up 150.0 % from 10 last month and up 56.3 % from 16 in May of last year .
0 % 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 F M A M 15
16 17
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Inventory / New Listings / Sales
160 140 120 100 80 60 40 20 0 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 F M A M 15
16 17
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90 97 94 99 100 99 97 102 114 118 119
112 105 95 91 96 101 111 112
121 133 134
126
119 112 111 101 90 94 94 95 101 108 114
107 118
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