FL ARCHIVED August 2017 | Page 125

Market Action Report August 2017 Jupiter/Jupiter Beach City: Jupiter 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 August was 83, down 1.2% from 84 days last month and up 10.7% from 75 days in August of last year. The August 2017 DOM was at a mid level compared with August of 2016 and 2015. 3 Mo Avg 120 100 83 76 80 75 60 40 20 0 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 M J J 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 August 2017 Selling Price per Square Foot of $238 was down 2.0% from $243 last month and up 7.8% from 221 in August of last year. 3 Mo Avg 290 270 250 238 230 221 217 210 190 170 150 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 M J J A 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price revea