FL ARCHIVED February 2017 | Page 171

Winter Park Community Information | School District

Winter Park 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 February was 74 , up 12.1 % from 66 days last month and up 23.3 % from 60 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
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 February 2017 Selling Price vs Original List Price of 92.9 % was down from 94.0 % last month and down from 94.6 % in February 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 February 2017 was 138 , down 9.8 % from 153 last month and down 2.8 % from 142 in February of last year .
100 90 80 70 60 50 40 30 20 10 0
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
240
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
220
more normalized indicator on the direction of Property values .
The February 2017 Selling Price per Square Foot of $ 183 was up
200
0.2 % from $ 182 last month and up 12.4 % from 162 in February
180
of last year .
160
140 120 100
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
600 500 400 300 200
Days On Market for Sold Properties
78
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
F
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
158
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
F
14
15
16
17
Selling Price versus Listing Price Ratio
92.8 %
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
F
14
15
16
17
Inventory / New Listings / Sales
482 463 471 462 442 449 464
Avg Selling Price divided by Avg Listing Price for sold properties during the month
465
455 429 436 424 437 421 434 456 450 448 451 438 422 384 379
60
162
94.6 %
368 380 372 391 398 408 395 371 375
3 Mo Avg
3 Mo Avg
362 342 355
74
183
92.9 %
320
100 0
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
F
14
15
16
17
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