FL ARCHIVED January 2018 | Page 196

Crestview Community Information | School District

Crestview Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for January was 63 , down 13.7 % from
100
73 days last month and down 27.6 % from 87 days in January of
last year . The January 2018 DOM was at its lowest level
80
compared with January of 2017 and 2016 .
60
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 $ 93 was down 3.2 % from $ 96 last month and up 6.1 % from 88 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 95.3 % was down from 97.2 % last month and up from 94.7 % in January 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 January 2018 was 124 , up 25.3 % from 99 last month and up 13.8 % from 109 in January of last year .
40 20
Days On Market for Sold Properties
111
0
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
J
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 %
77
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
J
15
16
17
18
Selling Price versus Listing Price Ratio
92.7 %
84 %
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
J
15
16
17
18
Inventory / New Listings / Sales
700 600 500 400 300 200 100
540 533 519 535 582 589 561
Avg Selling Price divided by Avg Listing Price for sold properties during the month
514 505 476 463 439 476 485 519 522 503 490 455 431 409 391 405
87
88
94.7 %
378 379 404 385
3 Mo Avg
3 Mo Avg
395 395 371 382 381 369 364 370
63
93
95.3 %
329
0
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
J
15
16
17
18
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