New Port Richey Community Information | School District
New Port Richey 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 60 , down 7.7 % from 65 days last month and down 25.0 % from 80 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
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83 |
80 |
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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 $ 94 was up 2.7 % from $ 92 last month and up 12.2 % from 84 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 92.6 % was down from 93.8 % last month and up from 92.1 % in February of last year .
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Selling Price per Square Foot |
3 Mo Avg |
100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 %
71
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.9 %
84
92.1 %
3 Mo Avg
94
92.6 %
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 282 , up 6.0 % from 266 last month and down 9.3 % from 311 in February of last year .
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Inventory / New Listings / Sales |
1,200
1,000 800 600 400
1,113 1,142 1,101 1,075 1,039 994 989 1,019 1,014 1,004 1,013 1,008 960 936 930 895 883 873 847 821 824 795 767 763 733 688 651 634 598 601 611 645 666 624 624
569
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20 | c o l d w e l l b a n k e r h o m e s . c o m