FL ARCHIVED December 2017 | Page 55

Market Action Report December 2017 Sarasota County County: Sarasota 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 December was 78, up 8.3% from 72 days last month and up 16.4% from 67 days in December of last year. The December 2017 DOM was at a mid level compared with December of 2016 and 2015. 3 Mo Avg 90 78 80 70 67 64 60 50 40 30 20 10 0 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 S O N D 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 December 2017 Selling Price per Square Foot of $216 was up 2.2% from $212 last month and up 23.5% from 175 in December of last year. 3 Mo Avg 240 216 220 200 180 175 169 160 140 120 100 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 S