FL ARCHIVED February 2017 | Page 216

Walton County Community Information | School District

Walton County 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 138 , up 0.7 % from 137 days last month and down 4.2 % from 144 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 $ 313 was up 13.8 % from $ 275 last month and up 12.2 % from 279 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 94.7 % was up from 94.3 % last month and up from 93.4 % in February of last year .
Days On Market for Sold Properties
200
180
165
160
144
138
140
120
100
80
60
40
20
0
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Selling Price per Square Foot
3 Mo Avg
340 320 300 280 260 240 220 200
96 % 95 % 94 % 93 % 92 %
280 279
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.8 %
93.4 %
3 Mo Avg
3 Mo Avg
313
94.7 %
91 % 90 %
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 414 , up 26.6 % from 327 last month and up 2.0 % from 406 in February of last year .
89 %
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Inventory / New Listings / Sales
3,000 2,500 2,000 1,500
2,433 2,491 2,498 2,506 2,500 2,498 2,455 2,392 2,350 2,198 2,219 2,233 2,246 2,232 2,203 2,160 2,199 2,175 2,181 2,123 2,069 2,015 2,012 2,053 2,093 2,112 2,171 2,161 2,114 2,106 2,088 2,077 2,053 1,959 1,866 1,836
1,000 500
0
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216 | c o l d w e l l b a n k e r h o m e s . c o m