Florida Market Viewpoint June 2017 - Page 49

Market Action Report June 2017 Manatee County County: Manatee 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 77, up 2.7% from 75 days last month and up 5.5% from 73 days in June of last year. The June 2017 DOM was at a mid level compared with June of 2016 and 2015. 3 Mo Avg 100 90 77 80 77 73 70 60 50 40 30 20 10 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 $179 was down 2.1% from $183 last month and up 2.4% from 175 in June of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 179 175 151 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 Pric