FL ARCHIVED May 2017 | Page 61

Osprey Community Information | School District

Osprey 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 136 , up 78.9 % from 76 days last month and up 47.8 % from 92 days in May of last year . The May 2017 DOM was at a mid 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 $ 191 was up 2.4 % from $ 187 last month and down 13.9 % from 222 in May of last year .
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 40 , up 53.8 % from 26 last month and up 48.1 % from 27 in May of last year .
200 180 160 140 120 100 80 60 40 20 0
250 240 230 220 210 200 190 180 170 160 150
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
98 %
original list price . The lower the ratio is below 100 % the more of
96 %
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
94 %
Price of 88.8 % was down from 93.4 % last month and down from
92 %
92.9 % in May of last year .
90 %
88 % 86 % 84 % 82 %
250
200
150
100
Days On Market for Sold Properties
132
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
3 Mo Avg
193
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
91.2 %
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
174 160 151 155 167 175
188
Avg Selling Price divided by Avg Listing Price for sold properties during the month
189 186 193 188
174 157 150 133 133 136 161 156
92
222
92.9 %
184 191 188 172 166 164 163 153 151 155 176 184
3 Mo Avg
3 Mo Avg
136
191
88.8 %
208 219 219 200 194
50
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
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