FL ARCHIVED September 2017 | Page 131

Wellington Community Information | School District

Wellington 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 100 , up 22.0 % from 82 days last month and down 4.8 % from 105 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
104 105
3 Mo Avg
100
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
290
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
270
a more normalized indicator on the direction of Property values .
250
The September 2017 Selling Price per Square Foot of $ 187 was
up 2.3 % from $ 183 last month and down 0.0 % from 187 in
230
September of last year .
210
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
96 %
original list price . The lower the ratio is below 100 % the more of
95 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The September 2017 Selling Price vs
94 %
Original List Price of 93.3 % was down from 93.9 % last month
93 %
and down from 94.5 % in September of last year .
92 %
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 104 , down 45.8 % from 192 last month and down 49.3 % from 205 in September of last year .
0
190 170 150
91 % 90 % 89 % 88 %
1,000 900 800 700 600 500 400 300 200 100
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
165
Selling Price versus Listing Price Ratio
187 187
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
93.0 %
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
Inventory / New Listings / Sales
806 809 803 842 894 886
Avg Selling Price divided by Avg Listing Price for sold properties during the month
858
817 772 760 712 701 744 725 688
748 803 828 822
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
769 762 720 698
94.5 %
759 714 737 721 739 793 791 774 748
3 Mo Avg
752 724 699
93.3 %
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