FL ARCHIVED May 2017 | Page 38

Polk County Community Information | School District

Polk County Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 70 , down 11.4 % from 79 days last month and down 16.7 % from 84 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
120
100
80
60
40
86 84
70
20
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 $ 99 was up 0.3 % from $ 99 last month and up 10.1 % from 90 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
S O N D
J
F M A M
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15
16
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Selling Price per Square Foot
3 Mo Avg
99
100 95 90 85 80 75 70 65 60 55 50
81
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 vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
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
97 %
96 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.8 %
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 95.8 % was up from 95.2 % last month and up from 94.2 % in May of last year .
95 %
94 %
93 %
92.7 %
94.2 %
92 %
91 %
90 %
89 %
88 %
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
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Inventory / New Listings / Sales
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 1,330 , up 14.3 % from 1,164 last month and up
21.2 % from 1,097 in May of last year .
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
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
4,042 4,129 4,150 4,214 4,246 4,197 4,065 4,141 4,199 4,111 4,111 4,051 3,993 3,875 3,793 3,831 3,774 3,732 3,575 3,701 3,647 3,568 3,490 3,397 3,346 3,377 3,472 3,553 3,492 3,534 3,431 3,402 3,326 3,206 3,102
2,912
90
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