Florida Market Viewpoint April 2017 - Page 175

Market Action Report City: Kissimmee Kissimmee April 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 April was 74, up 2.8% from 72 days last month and down 9.8% from 82 days in April of last year. The April 2017 DOM was at its lowest level compared with April of 2016 and 2015. 3 Mo Avg 120 100 82 82 74 80 60 40 20 0 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 O N D J F M A 14 15 16 17 Selling Price per Square Foot 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 April 2017 Selling Price per Square Foot of $109 was up 1.4% from $108 last month and up 11.6% from 98 in April of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 109 98 89 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