FL ARCHIVED May 2017 | Page 179

Market Action Report City: Heathrow Heathrow 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 179, up 326.2% from 42 days last month and up 9.1% from 164 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 200 179 164 150 100 50 9 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 -50 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 $158 was down 10.5% from $176 last month and up 1.9% from 155 in May of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 179 158 155 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 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 85.6% was down from 96.3% last month and down from 93.3% in May of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 105% 100% 96.5% 93.3% 95% 90% 85.6% 85% 80% 75% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 5 10 15 20 25 30 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 0, down 100.0% from 6 last month and down 100.0% from 6 in May of last year. 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