FL ARCHIVED November 2017 | Page 182
Market Action Report
County: Bay
Bay County
November 2017
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 November was 142, down 22.4%
from 183 days last month and down 34.9% from 218 days in
November of last year. The November 2017 DOM was at a mid
level compared with November of 2016 and 2015.
250
3 Mo Avg
218
200
142
150
117
100
50
0
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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 November 2017 Selling Price per Square Foot of $221 was
down 3.2% from $229 last month and down 1.0% from 224 in
November of last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
224
223
221
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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 November 2017 Selling Price vs
Original List Price of 93.9% was up from 93.6% last month and
up from 92.7% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
94.5%
95%
93.9%
94%
92.7%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
200
250
300
350
400
450
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 52, up 6.1% from 49 last month and up
20.9% from 43 in November of last year.
150
100
50
0
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