FL ARCHIVED November 2017 | Page 63

Sarasota Community Information | School District

Sarasota 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 80 , down 1.2 % from 81 days last month and up 11.1 % from 72 days in November of last year . The November 2017 DOM was at a mid level compared with November 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 November 2017 Selling Price per Square Foot of $ 253 was up 14.5 % from $ 221 last month and up 31.5 % from 192 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 93.3 % was down from 93.4 % last month and down from 93.9 % in November 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 November 2017 was 802 , up 8.7 % from 738 last month and up 12.3 % from 714 in November of last year .
90 80 70 60 50 40 30 20 10 0
290 270 250 230 210 190 170 150
96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 % 91 %
3,500 3,000 2,500 2,000 1,500 1,000
Days On Market for Sold Properties
68
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
189
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
Selling Price versus Listing Price Ratio
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
2,152 2,373 2,418 2,376 2,228
2,026
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,939 1,883 1,850 1,874 1,979
72
192
93.9 % 93.9 %
2,130 2,157
2,373 2,525 2,572 2,536 2,409 2,426 2,395 2,364 2,309 2,420 2,531 2,612 2,818 2,950 2,963 2,751 2,659 2,546 2,442
3 Mo Avg
3 Mo Avg
2,332 2,223 2,287
80
253
93.3 %
2,362
500
0 D J 14 15
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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