Florida Market Viewpoint June 2017 - Page 163

Market Action Report County: Lake Lake County June 2017 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 June was 59, down 10.6% from 66 days last month and down 16.9% from 71 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 120 100 80 80 71 59 60 40 20 0 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 M A M J 14 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 June 2017 Selling Price per Square Foot of $116 was up 0.8% from $115 last month and up 9.4% from 106 in June of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 116 106 97 J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2017 Selling Price vs Original List Price of 95.7% was up from 95.6% last month and up from 94.9% in June of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% 95.7% 94.9% 93.9% J A S O N D J F M A M 2Bb2Bb@P`pfVF'WrƗ7Fw26W0fVF'WrƗ7Fw26W0S""S2F27BfWrbFR&WB6&W2FǒfVF'`&W'FW2f"6RrvFWrƗ7Fw2B6W2FRw&6w2FR&62V6V6ƗGbFR&WB2vV2FP&VF6&WGvVVFW6RFV2FRV&W"bWrƗ7Fw0VR#rv2#FvrRg&3B7BFBWbRg&s2VRb7BV"S2Bb2Bb2Bb@P`p6&vB *6GvV&W"&W6FVF&VW7FFR6GvV&W"VFVB&VF'2&6R&vS&W'GGW34d6FF2&fFVB6W'FW7bw&VFW"f'BVFW&FR$TD%2$TD"766Fb'F6VG֖֒766Fb$TD%2גf&F&Vv2W2&V&&Bb$TD%2$TD%2766FbFR&V6W276R67B766Fb$TD%0FW2Bv'&B"wV&FVRFR67W&7bF2f&FB2FR&W76&ƗGb'WW""6VW"FfW&gBf&F&VWfBF7V667VW.( 2&VW7FFRG&67F2GrV"W"W22Чc0