FL ARCHIVED January 2018 | Page 165

Market Action Report Orlando City: Orlando January 2018 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 January was 62, up 1.6% from 61 days last month and equal to 62 days in January of last year. The January 2018 DOM was at its lowest level compared with January of 2017 and 2016. 3 Mo Avg 90 80 74 70 62 62 60 50 40 30 20 10 0 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 J 15 16 17 18 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 January 2018 Selling Price per Square Foot of $138 was down 2.9% from $142 last month and up 12.8% from 122 in January of last year. 150 145 140 135 130 125 120 115 110 105 100 3 Mo Avg 138 122 112 F M A M J J A S O N D J