FL ARCHIVED February 2017 | Page 186

Bay County Community Information | School District

Bay 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 Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for February was 136 , down 3.5 % from 141 days last month and down 20.0 % from 170 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
250
200
150
100
146
170
136
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 February 2017 Selling Price per Square Foot of $ 218 was up 4.5 % from $ 209 last month and up 1.3 % from 215 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 94.3 % was up from 93.9 % last month and up from 92.7 % 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 48 , down 5.9 % from 51 last month and down 7.7 % from 52 in February of last year .
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Selling Price per Square Foot
3 Mo Avg
250 240 230 220 210 200 190 180 170 160 150
237
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A M J
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Selling Price versus Listing Price Ratio
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100 %
98 %
96 %
94.3 %
94 %
92.8 %
92.7 %
92 %
90 %
88 %
86 %
84 %
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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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A S O N D
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Inventory / New Listings / Sales
450
400
350
300
250
200
150
100
50
0
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14
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265 283 294 285 284 302 308 328 325
287 318 301 307
343 376 373 386 391 397 374 361 363
392
215
399 399 406 420 409 410 387 381 387 362 344
218
319 302
186 | c o l d w e l l b a n k e r h o m e s . c o m