Market Action Report
City: New Port Richey
New Port Richey
August 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 August was 53, up 26.2% from 42
days last month and down 14.5% from 62 days in August of last
year. The August 2017 DOM was at its lowest level compared
with August of 2016 and 2015.
3 Mo Avg
100
90
79
80
70
62
60
53
50
40
30
20
10
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 $107 was up
2.8% from $104 last month and up 16.8% from 91 in August of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
107
91
79
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