FL ARCHIVED February 2017 | Page 175

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 February was 79 , up 12.9 % from 70 days last month and down 4.8 % from 83 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
120
100
80
60
40
91
83
79
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 February 2017 Selling Price per Square Foot of $ 105 was up 0.4 % from $ 105 last month and up 11.0 % from 95 in February 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 February 2017 Selling Price vs Original List Price of 94.4 % was down from 94.8 % last month and down from 95.4 % 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 464 , down 10.1 % from 516 last month and down 8.5 % from 507 in February of last year .
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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 % 91 %
84
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Selling Price versus Listing Price Ratio
93.5 %
90 %
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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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Inventory / New Listings / Sales
2,500
2,000
1,500
1,000
500
1,769 1,791 1,812 1,807 1,833 1,898
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,904 1,976 1,990 1,876 1,868 1,895 1,881 1,812 1,828 1,778 1,771 1,743 1,717 1,731 1,734 1,697 1,683
95
95.4 %
3 Mo Avg
105
94.4 %
1,672 1,672 1,595 1,523 1,493 1,489 1,523 1,573 1,556 1,515 1,412 1,442
1,332
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