FL ARCHIVED February 2017 | Page 214

Pace Community Information | School District

Pace Community Information | School District

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 131 , up 101.5 % from 65 days last month and down 10.3 % from 146 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 $ 97 was up 3.3 % from $ 94 last month and up 3.3 % from 94 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 98.4 % was up from 98.0 % last month and up from 98.0 % in February of last year .
Days On Market for Sold Properties
200
180
160
146
140
137
131
120
100
80
60
40
20
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
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 %
82
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 Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.2 %
94
98.0 %
3 Mo Avg
3 Mo Avg
97
98.4 %
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 94 , down 11.3 % from 106 last month and up 23.7 % from 76 in February of last year .
88 %
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
450 400 350 300 250 200 150 100 50 0
375 414 411 404
380 353 357 332 316 307 334 321 336 334 368 358 356 353 356
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
338 316 325 342 322 330 320 328 330 313 299 313 293 283 290 297 293
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