FL ARCHIVED February 2017 | Page 177

Seminole County Community Information | School District

Seminole County 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
100
90
80
90
75
Buyer ' s market , a downward trend a move towards more of a
70
63
Seller ' s market . The DOM for February was 63 , up 8.6 % from 58 days last month and down 16.0 % from 75 days in February of last year . The February 2017 DOM was at its lowest level compared
60
50
with February of 2016 and 2015 .
40
30
20
10
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
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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
150
140
130
124
more normalized indicator on the direction of Property values .
The February 2017 Selling Price per Square Foot of $ 124 was up
120
110
101
109
0.6 % from $ 123 last month and up 13.9 % from 109 in February
100
of last year .
90
80
70
60
50
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 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 94.7 % was down from 96.3 % last month and up from 93.6 % 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 654 , up 17.8 % from 555 last month and down 2.8 % from 673 in February of last year .
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
Selling Price versus Listing Price Ratio
91.6 %
89 %
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
2,500
2,000
1,500
1,000
500
2,038 2,054 2,063 2,112 2,204 2,213
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,158 2,150 2,074 1,982 1,937 1,880 1,909 1,965 1,986 1,979 1,999 1,924 1,880 1,829 1,688 1,587 1,564
93.6 %
1,566 1,532 1,565 1,521 1,572 1,566 1,526 1,455 1,434
3 Mo Avg
1,332 1,176 1,133
94.7 %
1,047
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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