FL ARCHIVED November 2017 | Page 154

St . Lucie County Community Information | School District

St . Lucie County 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 November was 40 , down 31.0 % from 58 days last month and up 42.9 % from 28 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 .
350 300 250 200 150 100
Days On Market for Sold Properties
3 Mo Avg
50
28
40
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 November 2017 Selling Price per Square Foot of $ 61 was down 20.2 % from $ 77 last month and up 2.0 % from 60 in November of last year .
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 November 2017 Selling Price vs Original List Price of 88.9 % was down from 95.8 % last month and down from 95.8 % in November of last year .
0
140 120 100 80 60 40 20 0
120 % 100 % 80 % 60 %
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 J J A S O N 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
Selling Price versus Listing Price Ratio
60 61
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 J
J
A S O N
16
17
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.8 %
3 Mo Avg
88.9 %
40 % 20 %
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 November 2017 was 24 , down 14.3 % from 28 last month and up 140.0 % from 10 in November of last year .
90 80 70 60 50 40 30 20 10 0
0 %
25
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 J J A S O N 14 15
16
17 Inventory / New Listings / Sales
31
D J
14 15
29 29
25 31 31 30 32 29 32 30 27 30 34 32 32 28 30 32
39 45 46 43 47 48 49
61
68 78 76 73 68 65 79 80
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 J
J
A
S O N
16
17
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