FL ARCHIVED June 2017 | Page 26

Clearwater Community Information | School District

Clearwater 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 June was 42 , down 4.5 % from 44 days last month and down 22.2 % from 54 days in June of last year . The June 2017 DOM was at its lowest level compared with June 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 June 2017 Selling Price per Square Foot of $ 131 was up 1.7 % from $ 128 last month and up 15.0 % from 114 in June of last year .
Days On Market for Sold Properties
90
80
70
66
60
54
50
42
40
30
20
10
0
J
A
S O N D
J
F M A M J
J
A
S O N D
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F M A M J
J
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S O N D
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F M A M J
14
15
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17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
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
96 % 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 94 % Price of 95.9 % was up from 95.5 % last month and up from 94.4 % in June of last year . 92 % 90 % 88 % 86 %
102
J
A
S O N D
J
F M A M J
J
A
S O N D
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F M A M J
J
A
S O N D
J
F M A M J
14
15
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17
114
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.5 %
94.4 %
3 Mo Avg
3 Mo Avg
131
95.9 %
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 361 , down 1.9 % from 368 last month and up 15.3 % from 313 in June of last year .
84 %
1,200
1,000 800 600 400
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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17
Inventory / New Listings / Sales
1,054 1,044 1,034 1,032 1,006 978 983 982 960 900 888 888 826 791 747 765 771 756 767 769 757 757 756 700 671 692 689 704 717 655 647 636 665 649 622 582
200 0
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
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F M A M J
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