FL ARCHIVED May 2017 | Page 171

Market Action Report City: Winter Park Winter Park 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 60, down 13.0% from 69 days last month and up 3.4% from 58 days in May of last year. The May 2017 DOM was at a mid level compared with May of 2016 and 2015. 3 Mo Avg 100 90 80 64 70 60 58 60 50 40 30 20 10 0 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 A M 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 May 2017 Selling Price per Square Foot of $197 was up 0.9% from $196 last month and up 13.5% from 174 in May of last year. 3 Mo Avg 240 220 197 200 174 180 160 160 140 120 100 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 A M 14 15 16 17 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 rat