FL ARCHIVED December 2017 | Page 212

Market Action Report County: Walton Walton 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 138, down 0.7% from 139 days last month and down 4.2% from 144 days in December of last year. The December 2017 DOM was at a mid level compared with December of 2016 and 2015. 3 Mo Avg 200 180 160 144 138 129 140 120 100 80 60 40 20 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 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 direction of Property values. The December 2017 Selling Price per Square Foot of $295 was up 7.9% from $274 last month and up 17.8% from 251 in December of last year. 3 Mo Avg 340 320 295 300 280 252 260 251 240 220 200 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 16 17 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 94.4% was up from 93.9% last month and equal to 94.4% in December of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 95% 94.4% 94.4% 93.7% 94% 93% 92% 91% 90% 89% 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 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 1,500 2,000 2,500 This last view of the market combines monthly