FL ARCHIVED October 2017 | Page 156

Port St . Lucie Community Information | School District

Port St . Lucie 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 October was 32 , up from 0 days last month and down 8.6 % from 35 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
112
3 Mo Avg
50 35 32
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 October 2017 Selling Price per Square Foot of $ 111 was up from $ 0 last month and up 7.6 % from 104 in October 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 October 2017 Selling Price vs Original List Price of 97.5 % was up from 0.0 % last month and equal to 97.5 % in October of last year .
0
150 140 130 120 110 100 90 80 70 60 50
120 % 100 % 80 % 60 % 40 % 20 %
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 J
J
A
S O
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
98
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 J
J
A
S O
14
15
16
17
104
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
82.4 %
3 Mo Avg
111
97.5 % 97.5 %
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 October 2017 was 14 , up 16.7 % from 12 last month and up 100.0 % from 7 in October of last year .
70 60 50 40 30
0 %
59
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 J
J
A S O
14
15
16
17
Inventory / New Listings / Sales
56 63
54 59
54
49
43 45 47 44 43 44
52 59
62
53 52 51 52 51 51
47 45 43
38 40
34 39 41
46
41
45 54 54
61
20 10 0
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 J
J
A
S O
14
15
16
17
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