FL ARCHIVED February 2017 | Page 61

Osprey Community Information | School District

Osprey 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 102 , down 35.0 % from 157 days last month and down 12.1 % from 116 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 $ 184 was down 2.9 % from $ 190 last month and down 8.3 % from 201 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 93.1 % was up from 92.9 % last month and up from 91.9 % 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 41 , down 38.8 % from 67 last month and down 8.9 % from 45 in February of last year .
200 180 160 140 120 100 80 60 40 20 0
250 240 230 220 210 200 190 180 170 160 150
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
250
200
150
100
Days On Market for Sold Properties
132
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
159
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
90.2 %
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
200 194 196
174 160 151 155
Avg Selling Price divided by Avg Listing Price for sold properties during the month
167
175 188 189 186 193 188
174 157 150 133 133 136 161 156
116
201
91.9 %
3 Mo Avg
3 Mo Avg
102
184
93.1 %
184 191 188 172 166 164 163 153 151 155 175 181 203 210
50
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
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