FL ARCHIVED January 2018 | Page 190

Pensacola Community Information | School District

Pensacola Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 79 , down 1.3 % from 80 days last month and down 12.2 % from 90 days in January of last year . The January 2018 DOM was at its lowest level compared with January of 2017 and 2016 .
120
100
80
60
40
95
90
79
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 January 2018 Selling Price per Square Foot of $ 98 was up 1.2 % from $ 97 last month and up 6.4 % from 92 in January 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 January 2018 Selling Price vs Original List Price of 95.0 % was up from 93.7 % last month and up from 93.8 % in January of last year .
0
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M A M J
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 %
83
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.3 %
92
93.8 %
3 Mo Avg
98
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 January 2018 was 379 , up 30.7 % from 290 last month and down 4.8 % from 398 in January of last year .
86 %
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M A M J
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Inventory / New Listings / Sales
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
1,811 1,809 1,765 1,762 1,791 1,752 1,714 1,643 1,607 1,619 1,535 1,489 1,410 1,423 1,412 1,397 1,403 1,418 1,384
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M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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15
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18
1,368 1,309 1,318 1,235 1,196 1,262 1,307 1,297 1,330 1,329 1,360 1,324 1,320 1,289 1,226 1,150 1,110
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