FL ARCHIVED September 2017 | Page 182

Bay County Community Information | School District

Bay 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 September was 92 , down 6.1 % from 98 days last month and down 22.7 % from 119 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
95
119
3 Mo Avg
92
50
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 $ 211 was down 9.3 % from $ 233 last month and up 8.0 % from 196 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
98 %
original list price . The lower the ratio is below 100 % the more of
97 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
96 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 94.8 % was down from 96.2 % last month
95 %
and down from 95.4 % in September of last year .
94 %
93 %
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 52 , up 4.0 % from 50 last month and down 20.0 % from 65 in September of last year .
0
250 240 230 220 210 200 190 180 170 160 150
92 % 91 % 90 % 89 %
450 400 350 300 250 200 150 100 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
226
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
196
Selling Price versus Listing Price Ratio
94.0 %
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
327 324
286 317 300 306
341
Avg Selling Price divided by Avg Listing Price for sold properties during the month
374 371 384 389 396 373 359 362 389 397 399 408
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
421 409 410
389
95.4 %
384
394 372 358 340 338
293 282 287
3 Mo Avg
273 263 247
211
94.8 %
249
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