FL ARCHIVED September 2017 | Page 208

Navarre Community Information | School District

Navarre 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 55 , down 36.0 % from 86 days last month and down 37.5 % from 88 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 $ 139 was up 3.8 % from $ 134 last month and up 9.4 % from 127 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
99 %
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
Original List Price of 98.2 % was down from 98.8 % last month
97 %
and up from 96.8 % in September of last year .
96 %
95 %
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 139 , down 11.5 % from 157 last month and down 4.8 % from 146 in September of last year .
160 140 120 100 80 60 40 20 0
150 145 140 135 130 125 120 115 110 105 100
94 % 93 % 92 % 91 %
900 800 700 600 500 400 300 200 100
0
Days On Market for Sold Properties
98
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
118
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 versus Listing Price Ratio
96.1 %
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
768 753 763 795 791 829 830
Avg Selling Price divided by Avg Listing Price for sold properties during the month
789 809
749 672 638 641 611 578 562 579 553 530 560 553 494 483
88
127
96.8 %
474 485 472 440 402 389 391 385 402
3 Mo Avg
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
361 338 342
55
139
98.2 %
354
208 | c o l d w e l l b a n k e r h o m e s . c o m