FL ARCHIVED May 2017 | Page 26

Clearwater Community Information | School District

Clearwater Community Information | School District

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 44 , down 22.8 % from 57 days last month and down 12.0 % from 50 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
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 $ 128 was up 2.8 % from $ 125 last month and up 14.0 % from 113 in May of last year .
Days On Market for Sold Properties
90
80
70
67
60
50
50
44
40
30
20
10
0
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A
S O N D
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F M A M J
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14
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
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 96 % 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 94 % of a Seller ' s market . The May 2017 Selling Price vs Original List Price of 95.5 % was up from 94.6 % last month and up from 94.7 %
92 % in May of last year .
90 % 88 % 86 %
97
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J
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S O N D
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F M A M J
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14
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113
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.3 %
94.7 %
3 Mo Avg
3 Mo Avg
128
95.5 %
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 366 , up 2.5 % from 357 last month and up 4.9 % from 349 in May of last year .
84 %
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A S O N D
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Inventory / New Listings / Sales
1,200
1,000 800 600 400
1,008 1,054 1,044 1,034 1,032 1,006 978 983 982 960 900 888 888 826 791 747 765 771 756 767 769 757 757 756 700 670 690 687 702 715 653 645 632 661 638
584
200 0
J
J
A S O N D
J
F M A M J
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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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