FL ARCHIVED June 2017 | Page 200

Destin Community Information | School District

Destin 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 June was 134 , down 17.8 % from 163 days last month and down 15.2 % from 158 days in June of last year . The June 2017 DOM was at its lowest level compared with June of 2016 and 2015 .
250
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137
158
134
50
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 June 2017 Selling Price per Square Foot of $ 261 was down 1.7 % from $ 265 last month and up 5.5 % from 247 in June 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 June 2017 Selling Price vs Original List Price of 94.2 % was up from 92.6 % last month and equal to 94.2 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
96 % 94 % 92 % 90 % 88 % 86 %
235
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247
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
3 Mo Avg
261
94.2 % 94.2 %
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 June 2017 was 133 , down 6.3 % from 142 last month and down 2.9 % from 137 in June of last year .
84 %
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1,000 800 600 400
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Inventory / New Listings / Sales
986 959 954 942 920 893 877 882 897 891 888 887 904 909 924 904 882 858 849 832 859 859 833 849 810 784 768 772 752 698 674 667 687 678 663 652
200 0
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