FL ARCHIVED December 2017 | Page 161

Market Action Report
County: Lake
Lake County
December 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 December was 54, down 12.9%
from 62 days last month and down 28.0% from 75 days in
December of last year. The December 2017 DOM was at its
lowest level compared with December of 2016 and 2015.
3 Mo Avg
120
100
75
74
80
54
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 December 2017 Selling Price per Square Foot of $122 was
up 2.4% from $119 last month and up 13.6% from 107 in
December of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
122
107
98
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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 December 2017 Selling Price vs
Original List Price of 96.0% was up from 95.5% last month and
up from 94.8% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the mont h
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
96.0%
94.8%
93.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
2,000
2,500
3,000
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 December 2017 was 623, up 3.0% from 605 last
month and up 21.7% from 512 in December of last year.
1,000
500
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTO
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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