FL ARCHIVED September 2017 | Page 198

Destin Community Information | School District

Destin 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 159 , down 7.6 % from 172 days last month and down 7.0 % from 171 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
144
171
3 Mo Avg
159
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 $ 277 was up 0.4 % from $ 276 last month and up 10.1 % from 252 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
96 %
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
94 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 92.2 % was down from 92.6 % last month
92 %
and up from 91.9 % in September of last year .
90 %
0
300 290 280 270 260 250 240 230 220 210 200
88 % 86 %
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
225
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
252
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.0 % 91.9 %
3 Mo Avg
277
92.2 %
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 93 , down 17.7 % from 113 last month and down 17.7 % from 113 in September of last year .
84 % 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
1,000 900 800 700 600 500 400 300 200 100
0
938 916 888 872 877 892 886 883 882 899 905 920 899 877 853 844 827 854 856 828 844 811 785 769 774 755 701 678 673 693 685 673 673 657 630 609
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
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