New Port Richey Community Information | School District
New Port Richey 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 December was 48 , down 20.0 % from 60 days last month and down 5.9 % from 51 days in December of last year . The December 2017 DOM was at its lowest level compared with December 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 December 2017 Selling Price per Square Foot of $ 105 was up 0.4 % from $ 104 last month and up 11.0 % from 94 in December 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 |
98 % |
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 |
96 % |
|
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 95.3 % was up from 94.5 % last month and
|
94 % |
up from 93.5 % in December of last year . |
92 % |
Days On Market for Sold Properties
100 |
90 |
85 |
80 |
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70 |
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60
50
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51 |
48 |
40 |
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30 |
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20 |
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10 |
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0 |
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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 N D |
15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
90 % 88 %
81
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 N D |
15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.4 %
94
93.5 %
3 Mo Avg
3 Mo Avg
105
95.3 %
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 December 2017 was 224 , down 17.9 % from 273 last month and up 6.7 % from 210 in December of last year .
86 % |
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 N D |
15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
1,200
1,000 800 600 400
1,014 1,010 962 938 932 896 884 875 849 823 826 797 769 765 735 690 654 637 601 604 613 649 674 642 655 640 637 601 605 623 622 588 568 583 596 560
200 0
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 N D |
15 |
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16 |
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17 |
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20 | c o l d w e l l b a n k e r h o m e s . c o m