Pasco 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 February was 64 , up 16.4 % from 55 days last month and up 1.6 % from 63 days in February of last year . The February 2018 DOM was at a mid level compared with February of 2017 and 2016 .
Pasco 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 February was 64 , up 16.4 % from 55 days last month and up 1.6 % from 63 days in February of last year . The February 2018 DOM was at a mid level compared with February of 2017 and 2016 .
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 February 2018 Selling Price per Square Foot of $ 111 was up 3.6 % from $ 107 last month and up 13.1 % from 98 in February 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 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 of a Seller ' s market . The February 2018 Selling Price vs Original List Price of 95.0 % was down from 95.2 % last month and up from 94.5 % in February of last year .
Days On Market for Sold Properties
100 |
90 |
80 |
72 |
70 |
63 |
64 |
60 |
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50 |
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40 |
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30 |
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20 |
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10 |
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A M J
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F M A M J |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 %
86
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A M J
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S O N D |
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F M A M J |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.1 %
98
94.5 %
3 Mo Avg
3 Mo Avg
111
95.0 %
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 February 2018 was 1,144 , down 9.1 % from 1,259 last month and up 2.1 % from 1,120 in February of last year .
90 % 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 J F 15
16 17
18
Inventory / New Listings / Sales
4,000 3,500 3,000 2,500 2,000 1,500 1,000
500
0 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 J F 15
16 17
18
3,622 3,579 3,538 3,389 3,338 3,278 3,181 3,082 3,075 3,012 3,011 2,950 2,895 2,801 2,633 2,667 2,592 2,552 2,616 2,635 2,659 2,594 2,643 2,598 2,626 2,482 2,473 2,512 2,512 2,479 2,457 2,434 2,489 2,421 2,529 2,374
18 | c o l d w e l l b a n k e r h o m e s . c o m