FL ARCHIVED May 2017 | Page 214

Pace Community Information | School District

Pace Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
140
Seller ' s market . The DOM for May was 114 , up 22.6 % from 93 days last month and down 1.7 % from 116 days in May of last year .
The May 2017 DOM was at a mid level compared with May of
120
100
113
116
114
2016 and 2015 .
80
60
40
20
0
J
J
A
S O N D
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F M A M J
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A
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14
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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
100
95
90
91
96
99
more normalized indicator on the direction of Property values .
85
The May 2017 Selling Price per Square Foot of $ 99 was up 2.3 %
80
from $ 97 last month and up 3.6 % from 96 in May of last year .
75
70
65
60
55
50
J
J
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S O N D
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F M A M J
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F M A M J
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F M A M
14
15
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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 98.5 % was up from 98.1 % last month and down from 99.0 % in May of last year .
100 % 98 % 96 % 94 % 92 % 90 %
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 99.0 %
94.8 %
3 Mo Avg
98.5 %
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 May 2017 was 103 , down 14.2 % from 120 last month and down 5.5 % from 109 in May of last year .
88 %
J
J
A S O N D
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F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M
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15
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17
Inventory / New Listings / Sales
450 400 350 300 250 200 150 100 50 0
404
380 353 357 332 316 307 334 321 336 334 368 358 356 353 356 339 317 326
J
J
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S O N D
J
F M A M J
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F M A M J
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F M A M
14
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343 323 331 321 329 330 312 301 317 304 296 305 319 328 318 313 297
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