FL ARCHIVED December 2017 | Page 152

Stuart Community Information | School District

Stuart 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 70 , up 11.1 % from 63 days last month and down 21.3 % from 89 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
78
89
3 Mo Avg
70
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 December 2017 Selling Price per Square Foot of $ 186 was up 3.8 % from $ 179 last month and up 14.1 % from 163 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 %
of a Seller ' s market . The December 2017 Selling Price vs
93 %
Original List Price of 92.5 % was down from 93.1 % last month and up from 92.1 % in December of last year .
92 %
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 201 , down 14.5 % from 235 last month and up 15.5 % from 174 in December of last year .
0
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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 % 89 %
144
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F M A M J
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A S O N D
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163
Selling Price versus Listing Price Ratio
93.6 %
88 %
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F M A M J
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A S O N D
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Inventory / New Listings / Sales
1,200
1,000 800 600 400 200
961 933 894 856 793 751
Avg Selling Price divided by Avg Listing Price for sold properties during the month
752 721 755 831 838 816 891 896 921 909 889 858 885 872 878 935 946
92.1 %
930 999 995 943 955 932
872 820 782
3 Mo Avg
750 788 791
186
92.5 %
768
0
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F M A M J
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