FL ARCHIVED October 2017 | Page 28

Market Action Report City: Clearwater Beach Clearwater Beach October 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 October was 113, down 36.5% from 178 days last month and down 25.2% from 151 days in October of last year. The October 2017 DOM was at its lowest level compared with October of 2016 and 2015. 3 Mo Avg 200 180 151 160 140 124 113 120 100 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 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 dir