FL ARCHIVED February 2017 | Page 42

Winter Haven Community Information | School District

Winter Haven 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 70 , up 20.7 % from 58 days last month and down 18.6 % from 86 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
140 120 100 80 60
85 86
70
40
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 $ 88 was up 5.5 % from $ 83 last month and up 13.2 % from 77 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 93.5 % was down from 93.6 % last month and up from 92.9 % in February of last year .
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Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
96 % 94 % 92 % 90 % 88 % 86 % 84 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.9 %
77
92.9 %
3 Mo Avg
88
93.5 %
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 169 , down 1.2 % from 171 last month and up 1.2 % from 167 in February of last year .
82 %
800 700 600 500 400 300 200 100
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Inventory / New Listings / Sales
745 728 723 702 725 715 729 748
712 671 696 707
662 617 616 612 570 581 581 575 594 582 576 571 578 556 533 521 515 507 526 528 519 516 503
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