FL ARCHIVED September 2017 | Page 99

Weston Community Information | School District

Weston 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 61 , up 8.9 % from 56 days last month and down 11.6 % from 69 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
Days On Market for Sold Properties
84
69
3 Mo Avg
61
20
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 $ 202 was down 5.6 % from $ 214 last month and up 3.2 % from 195 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 a Buyer ' s market exists , a ratio at or above 100 % indicates more
97 %
of a Seller ' s market . The September 2017 Selling Price vs
96 %
Original List Price of 94.4 % was down from 94.9 % last month and down from 95.0 % in September of last year .
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 66 , down 54.5 % from 145 last month and down 35.3 % from 102 in September of last year .
0
250 240 230 220 210 200 190 180 170 160 150
94 % 93 % 92 % 91 %
600 500 400 300
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
186
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
195
Selling Price versus Listing Price Ratio
93.7 %
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
565
529 487 510 488 500 484
Avg Selling Price divided by Avg Listing Price for sold properties during the month
479 477 483 463 445 427 382 384
415
463 499 511 519 528 536
506
95.0 %
447 436 426
400 437 443 457 466 453
3 Mo Avg
500 503 480
202
94.4 %
435
200 100
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
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