FL ARCHIVED September 2017 | Page 12

Brandon Community Information | School District

Brandon 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 September was 36 , up 9.1 % from 33 days last month and down 28.0 % from 50 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
63
50
3 Mo Avg
36
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 September 2017 Selling Price per Square Foot of $ 118 was down 0.8 % from $ 119 last month and up 6.8 % from 111 in September 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
100 %
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
98 %
of a Seller ' s market . The September 2017 Selling Price vs
96 %
Original List Price of 96.9 % was down from 97.8 % last month and up from 95.9 % in September of last year .
94 %
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 September 2017 was 80 , down 40.3 % from 134 last month and down 25.9 % from 108 in September of last year .
0
150 140 130 120 110 100 90 80 70 60 50
92 % 90 % 88 % 86 %
400 350 300 250 200 150 100 50 0
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
J
A S
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
101
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
J
A S
14
15
16
17
111
Selling Price versus Listing Price Ratio
95.4 %
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
J
A S
14
15
16
17
Inventory / New Listings / Sales
338 343 346
292 288 288
314
Avg Selling Price divided by Avg Listing Price for sold properties during the month
291 280
300 272 268 273 262 265
242 225 227 214 221 215 231 231
95.9 %
235 230 223 211 211 203 199 204 219
3 Mo Avg
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
J
A S
14
15
16
17
232 228 240
118
96.9 %
207
12 | c o l d w e l l b a n k e r h o m e s . c o m