Martin County Community Information | School District
Martin County 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 December was 78 , up 4.0 % from 75 days last month and up 1.3 % from 77 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
140 120 100 80 60 40 20
Days On Market for Sold Properties
3 Mo Avg
87 77 78
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 December 2017 Selling Price per Square Foot of $ 181 was up 4.1 % from $ 174 last month and up 6.1 % from 171 in December 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 |
95 % |
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 |
94 % |
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of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 92.6 % was down from 92.9 % last month
|
93 % |
and up from 92.5 % in December of last year . |
92 % |
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15 |
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
91 % 90 %
158
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171
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.2 %
3 Mo Avg
181
92.5 % 92.6 %
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 December 2017 was 387 , down 18.0 % from 472 last month and up 0.5 % from 385 in December of last year .
89 % |
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15 |
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17 |
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Inventory / New Listings / Sales |
2,500
2,000
1,500
2,178 2,171 2,083 1,999 1,892 1,794 1,781 1,738 1,755 1,876 1,857 1,825 1,966 1,997 2,004 1,971 1,936 1,859 1,873 1,841 1,872 1,946 2,017 1,995 2,148 2,146 2,118 2,062 1,994 1,950 1,865 1,752 1,659 1,681 1,708 1,663
1,000
500
0
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15 |
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16 |
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17 |
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150 | c o l d w e l l b a n k e r h o m e s . c o m