New Port Richey Community Information | School District
New Port Richey 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 56 , up 5.7 % from 53 days last month and down 9.7 % from 62 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
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 $ 104 was down 2.3 % from $ 107 last month and up 12.0 % from 93 in September of last year .
100 90 80 70 60 50 40 30 20 10 0
150 140 130 120 110 100 90 80 70 60 50
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 a Buyer ' s market exists , a ratio at or above 100 % indicates more |
96 % |
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of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 94.9 % was up from 94.6 % last month and
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94 % |
down from 95.8 % in September of last year . |
92 % |
90 % 88 %
Days On Market for Sold Properties
69
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14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
76
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.1 %
62
93
95.8 %
3 Mo Avg
3 Mo Avg
56
104
94.9 %
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 175 , down 39.9 % from 291 last month and down 28.3 % from 244 in September of last year .
86 %
1,200
1,000 800 600 400
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Inventory / New Listings / Sales |
1,019 1,014 1,004 1,013 1,009 961 937 931 896 884 875 849 823 826 797 769 765 735 690 654 637 601 604 614 648 673 638 651 638 635 601 603 619 616 572 533
200 0
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20 | c o l d w e l l b a n k e r h o m e s . c o m