FL ARCHIVED June 2017 | Page 184

Bay County Community Information | School District

Bay County 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 June was 143 , up 1.4 % from 141 days last month and up 10.9 % from 129 days in June of last year . The June 2017 DOM was at a mid level compared with June of 2016 and 2015 .
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116
129
143
50
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 $ 223 was down 5.2 % from $ 236 last month and up 3.4 % from 216 in June 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 June 2017 Selling Price vs Original List Price of 94.8 % was equal to 94.8 % last month and down from 94.9 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
250 240 230 220 210 200 190 180 170 160 150
100 % 98 % 96 % 94 % 92 % 90 %
217 216
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
94.7 % 94.9 % 94.8 %
223
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 June 2017 was 50 , down 24.2 % from 66 last month and down 24.2 % from 66 in June of last year .
88 %
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Inventory / New Listings / Sales
283 301 306 326 323
285 316 299 305
341 374 371 384 389 395 372 359 362 391 398 398 406 419 407 409 387 382 391 368 354 334 330
284 266 273 255
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