FL ARCHIVED May 2017 | Page 150

Market Action Report
County: Flagler
Flagler County
May 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 May was 78, up 4.0% from 75 days
last month and down 3.7% from 81 days in May of last year. The
May 2017 DOM was at its lowest level compared with May of
2016 and 2015.
3 Mo Avg
120
95
100
81
78
80
60
40
20
0
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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 May 2017 Selling Price per Square Foot of $134 was down
2.8% from $138 last month and up 11.2% from 121 in May of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
134
121
109
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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 May 2017 Selling Price vs Original List
Price of 96.3% was up from 95.9% last month and up from
96.0% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96.3%
97%
96.0%
95.9%
96%
96%
95%
95%
94%
94%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
800
1,000
1,200
1,400
1,600
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 May 2017 was 370, up 7.2% from 345 last month and up 6.6%
from 347 in May of last year.
600
400
200
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data