FL ARCHIVED October 2017 | Page 99

Market Action Report
October 2017
Weston
City: Weston
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 79, up 33.9% from 59
days last month and up 3.9% from 76 days in October of last
year. The October 2017 DOM was at a mid level compared with
October of 2016 and 2015.
3 Mo Avg
120
100
79
76
80
64
60
40
20
0
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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 October 2017 Selling Price per Square Foot of $209 was up
3.6% from $202 last month and up 2.6% from 203 in October of
last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
209
203
182
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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 October 2017 Selling Price vs Original
List Price of 93.8% was down from 94.4% last month and down
from 95.0% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95.0%
95%
93.8%
93.6%
94%
93%
92%
91%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
300
400
500
600
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 98, up 48.5% from 66 last month and down
16.2% from 117 in October of last year.
200
100
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
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