FL ARCHIVED February 2017 | Page 206

Niceville Community Information | School District

Niceville 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 64 , up 10.3 % from 58 days last month and down 32.6 % from 95 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
108
95
64
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 $ 141 was down 5.8 % from $ 150 last month and up 4.4 % from 135 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 96.7 % was up from 96.4 % last month and up from 94.2 % 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 74 , down 12.9 % from 85 last month and down 15.9 % from 88 in February of last year .
0
150 145 140 135 130 125 120 115 110 105 100
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
350 300 250 200 150 100
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
139
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
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
314 294 290 304 298 312 311
Avg Selling Price divided by Avg Listing Price for sold properties during the month
308 289 279 282
135
94.1 % 94.2 %
255 267 281 274 270 250 250 238 230 233 221 223 228 235
258 242 254 244
208 198 193 183
3 Mo Avg
141
96.7 %
162 180
163
50 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
206 | c o l d w e l l b a n k e r h o m e s . c o m