FL ARCHIVED February 2017 | Page 26

Clearwater Community Information | School District

Clearwater 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 55 , down 6.8 % from 59 days last month and down 14.1 % from 64 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 $ 122 was up 5.8 % from $ 115 last month and up 15.4 % from 106 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 94.0 % was down from 94.5 % last month and up from 93.7 % 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 331 , up 9.6 % from 302 last month and down 4.9 % from 348 in February of last year .
Days On Market for Sold Properties
100
90
80
71
70
64
60
55
50
40
30
20
10
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
150 140 130 120 110 100 90 80 70 60 50
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
1,200
1,000 800 600 400 200
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
Selling Price versus Listing Price Ratio
89.4 %
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
1,016 1,040 1,031 1,007 1,053 1,043
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,033 1,031 1,005 977 982 981 959 899 887 887
106
93.7 %
3 Mo Avg
3 Mo Avg
122
94.0 %
825 790 746 764 770 755 765 767 755 755 755 700 670 689 687 702 714 653 635
580
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
26 | c o l d w e l l b a n k e r h o m e s . c o m