Lakeland Community Information | School District
Lakeland 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 , up 1.9 % from 54 days last month and down 3.5 % from 57 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
120
100
80
60
40
20
Days On Market for Sold Properties
3 Mo Avg
69
57 55
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 $ 107 was up 2.7 % from $ 105 last month and up 14.0 % from 94 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 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 of a Seller ' s market . The September 2017 Selling Price vs Original List Price of 95.9 % was up from 95.6 % last month and equal to 95.9 % in September of last year .
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 256 , down 31.9 % from 376 last month and down 28.5 % from 358 in September of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
1,400 1,200 1,000 800 600 400 200
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14 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
86
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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Selling Price versus Listing Price Ratio
93.7 %
94
107
95.9 % 95.9 %
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F M A M J |
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A S O N D |
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Inventory / New Listings / Sales |
1,191 1,169 1,121 1,131 1,143 1,101
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,117 1,069 1,075 1,050 1,005 1,024 1,037 1,026 958 983 956 938 926 922 923 957 985 975 922 913 874 859 868 888 851 842
3 Mo Avg
837 839 824
754
0
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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14 |
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40 | c o l d w e l l b a n k e r h o m e s . c o m