FL ARCHIVED January 2018 | Page 177

Oviedo Community Information | School District

Oviedo 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 January was 56 , down 1.8 % from 57 days last month and up 43.6 % from 39 days in January of last year . The January 2018 DOM was at a mid level compared with January 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 January 2018 Selling Price per Square Foot of $ 147 was up 2.1 % from $ 144 last month and up 7.0 % from 138 in January of last year .
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 January 2018 was 80 , up 40.4 % from 57 last month and down 18.4 % from 98 in January of last year .
Days On Market for Sold Properties
90 80 70
60
56 60 50
39
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
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
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
99 %
original list price . The lower the ratio is below 100 % the more of
98 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
of a Seller ' s market . The January 2018 Selling Price vs Original
97 %
List Price of 96.1 % was up from 95.1 % last month and down from
96 %
97.0 % in January of last year .
95 %
94 % 93 % 92 %
124
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
138
Selling Price versus Listing Price Ratio
95.7 %
91 %
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
Inventory / New Listings / Sales
300 250 200 150 100 50
226 228 239 227 226 232 226
Avg Selling Price divided by Avg Listing Price for sold properties during the month
230 224 213 201
185
97.0 %
3 Mo Avg
3 Mo Avg
190 190 182 178 203 209 209 207 212 204 187 188 170 179 202 207 204 205 196 202 193
179
146
147
96.1 %
131
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
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