FL ARCHIVED January 2018 | Page 171

Kissimmee Community Information | School District

Kissimmee 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 January was 76 , down 10.6 % from 85 days last month and up 8.6 % from 70 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 .
120
100
80
60
40
101
70
76
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 January 2018 Selling Price per Square Foot of $ 117 was up 0.4 % from $ 117 last month and up 11.7 % from 105 in January 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 January 2018 Selling Price vs Original List Price of 95.4 % was up from 95.3 % last month and up from 94.8 % in January of last year .
0
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 %
94
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105
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.0 %
94.8 %
3 Mo Avg
117
95.4 %
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 January 2018 was 493 , up 50.8 % from 327 last month and down 4.8 % from 518 in January of last year .
91 %
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15
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Inventory / New Listings / Sales
2,500
2,000
1,500
1,000
500
1,932 1,916 1,848 1,863 1,814 1,810 1,783 1,758 1,771 1,782 1,744 1,735 1,724 1,702 1,624 1,550 1,521 1,514 1,544 1,598 1,583 1,550 1,460 1,524 1,507 1,438 1,441 1,468 1,459 1,413 1,454 1,381 1,296 1,258 1,115 1,107
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15
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