Market Action Report
City: Fort Myers
May 2017
Fort Myers
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 81, up 5.2% from 77 days
last month and up 6.6% from 76 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
100
90
80
81
76
73
70
60
50
40
30
20
10
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
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 $145 was down
1.2% from $146 last month and up 3.1% from 140 in May of last
year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
145
140
128
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 93.2% was down from 93.6% last month and up from
93.1% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
95%
94%
93.5%
94%
93.2%
93.1%
93%
93%
92%
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