FL ARCHIVED April 2017 | Page 206

Niceville Community Information | School District

Niceville Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 April was 53 , down 39.1 % from 87 days last month and down 35.4 % from 82 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
120
100
80
60
40
83 82
53
20
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 April 2017 Selling Price per Square Foot of $ 149 was up 0.7 % from $ 148 last month and up 4.6 % from 142 in April 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 April 2017 Selling Price vs Original List Price of 97.2 % was up from 96.5 % last month and up from 97.0 % in April 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 April 2017 was 97 , down 9.3 % from 107 last month and down 16.4 % from 116 in April of last year .
0
150 145 140 135 130 125 120 115 110 105 100
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
350 300 250 200 150 100
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 D
J
F M A
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
133
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 D
J
F M A
14
15
16
17
Selling Price versus Listing Price Ratio
95.2 %
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 D
J
F M A
14
15
16
17
Inventory / New Listings / Sales
290 304 298 312 311 308
289
Avg Selling Price divided by Avg Listing Price for sold properties during the month
279
282 255 267 281 274 270
142
149
97.0 % 97.2 %
250 250 238 230 233 221 223 228 235
258 242 254 245
210 201 195 186
3 Mo Avg
165 192 184 188
168
50 0
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 D
J
F M A
14
15
16
17
206 | c o l d w e l l b a n k e r h o m e s . c o m