FL ARCHIVED March 2018 | Page 34

Pasco County Community Information | School District

Pasco County Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
90
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
80
70
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 March was 58 , down 9.4 % from 64
70
60
60
58
days last month and down 3.3 % from 60 days in March of last
50
year . The March 2018 DOM was at its lowest level compared with March of 2017 and 2016 .
40
30
20
10
0
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
J
A
S O N D
J
F M
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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
150
140
130
more normalized indicator on the direction of Property values .
120
112
The March 2018 Selling Price per Square Foot of $ 112 was up
0.5 % from $ 111 last month and up 12.1 % from 100 in March of last year .
110
100
90
88
100
80
70
60
50
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
J
A
S O N D
J
F M
15
16
17
18
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 March 2018 Selling Price vs Original List Price of 95.1 % was equal to 95.1 % last month and up from 94.9 % in March of last year .
97 % 96 % 95 % 94 % 93 % 92 % 91 %
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.9 %
94.9 %
3 Mo Avg
95.1 %
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 March 2018 was 1,436 , up 25.3 % from 1,146 last month and up 3.0 % from 1,394 in March of last year .
90 %
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
J
A S O N D
J
F M
15
16
17
18
Inventory / New Listings / Sales
4,000 3,500 3,000 2,500 2,000 1,500 1,000
500
0
3,579 3,538 3,389 3,338 3,278 3,181 3,082 3,075 3,012 3,011 2,950 2,895 2,801 2,633 2,667 2,592 2,553 2,617 2,636
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
J
A S O N D
J
F M
15
16
17
18
2,660 2,595 2,644 2,598 2,626 2,482 2,474 2,514 2,515 2,484 2,464 2,444 2,503 2,439 2,563 2,485 2,432
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