FL ARCHIVED June 2017 | Page 212

Pace Community Information | School District

Pace 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 June was 83 , down 28.4 % from 116 days last month and down 4.6 % from 87 days in June of last year . The June 2017 DOM was at its lowest level compared with June of 2016 and 2015 .
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 $ 100 was up 1.2 % from $ 99 last month and up 8.5 % from 93 in June of last year .
Days On Market for Sold Properties
200
180
160
140
120
108
100
87
83
80
60
40
20
0
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
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 100 % 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 98 % of a Seller ' s market . The June 2017 Selling Price vs Original List Price of 98.5 % was up from 98.4 % last month and up from 96.1 %
96 % in June of last year .
94 % 92 % 90 %
95
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.2 %
93
96.1 %
3 Mo Avg
3 Mo Avg
100
98.5 %
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 110 , up 7.8 % from 102 last month and up 5.8 % from 104 in June of last year .
88 %
400 350 300 250 200 150 100 50 0
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A S O N D
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A S O N D
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A S O N D
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F M A M J
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Inventory / New Listings / Sales
380 353 357 332 316 307 333 320 335 333 367 357 355 351 354
337 315 324
J
A
S O N D
J
F M A M J
J
A
S O N D
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F M A M J
J
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F M A M J
14
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341 321 329 318 325 326 308 297 312 299 291 302 316 325 315 311 304 314
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