Lakeland Community Information | School District
Lakeland 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 65 , up 3.2 % from 63 days last month and down 7.1 % from 70 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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99 |
70 |
65 |
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20 |
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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 $ 98 was up 1.1 % from $ 97 last month and up 11.9 % from 88 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 95.1 % was up from 94.9 % 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 345 , up 2.7 % from 336 last month and down 3.4 % from 357 in February of last year .
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Selling Price per Square Foot |
3 Mo Avg |
98 |
100 95 90 85 80 75 70 65 60 55 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
1,400 1,200 1,000 800 600 400 200
77
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Selling Price versus Listing Price Ratio
92.7 %
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14 |
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Inventory / New Listings / Sales |
1,180 1,158
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,146 1,146 1,186 1,218 1,220 1,188 1,166 1,118 1,128 1,140 1,098 1,114 1,067 1,073 1,048 1,003 1,022 1,035 1,024 955 980 953 934 920 915 914 948 974 964 910 897 854 826 790
88
93.7 %
3 Mo Avg
95.1 %
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40 | c o l d w e l l b a n k e r h o m e s . c o m