FL ARCHIVED October 2017 | Page 184

Panama City Community Information | School District

Panama City 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 64 , up 36.2 % from 47 days last month and down 58.7 % from 155 days in October of last year . The October 2017 DOM was at a mid level compared with October 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 October 2017 Selling Price per Square Foot of $ 180 was up 18.3 % from $ 152 last month and up 20.1 % from 150 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 96.9 % was up from 96.4 % last month and up from 90.3 % in October of last year .
900 800 700 600 500 400 300 200 100
0
240 220 200 180 160 140 120 100
105 % 100 % 95 % 90 %
Days On Market for Sold Properties
23
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
158
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
155
150
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.2 %
90.3 %
3 Mo Avg
3 Mo Avg
64
180
96.9 %
85 % 80 %
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 8 , down 61.9 % from 21 last month and down 20.0 % from 10 in October of last year .
75 %
180 160 140 120 100 80 60 40 20 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
Inventory / New Listings / Sales
85
58 68 70 76
86 99 94 110 112 126 121 111 114 134 139 139 141 153 152 146
129 115 110 105 101 93 91
76 80 85 78 74 75
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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