Market Action Report
Destin
City: Destin
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 115, down 8.0%
from 125 days last month and down 9.4% from 127 days in
November of last year. The November 2017 DOM was at its
lowest level compared with November of 2016 and 2015.
3 Mo Avg
250
200
176
150
127
115
100
50
0
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
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16
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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 $255 was
down 7.5% from $276 last month and down 1.0% from 258 in
November of last year.
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
258
255
240
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
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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 93.3% was up from 92.8% last month and
up from 93.2% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
86%
93.3%
93.2%
91.0%
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
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,000
Properties for sale along with New Listings and Sales. The graph
900
shows the basic annual