FL ARCHIVED January 2017 | Page 156

Stuart Community Information | School District

Stuart 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 January was 84 , down 5.6 % from 89 days last month and down 7.7 % from 91 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
140 120 100 80 60
129
91
84
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 January 2017 Selling Price per Square Foot of $ 168 was up 6.5 % from $ 158 last month and up 6.0 % from 158 in January 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 January 2017 Selling Price vs Original List Price of 93.4 % was up from 91.9 % last month and up from 91.4 % in January 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 January 2017 was 335 , up 97.1 % from 170 last month and up 6.7 % from 314 in January of last year .
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Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
125
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Selling Price versus Listing Price Ratio
90.4 %
86 %
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Inventory / New Listings / Sales
1,400 1,200 1,000 800 600 400 200
1,253 1,230 1,209 1,177 1,126 1,090
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,036 1,011 1,027 1,012 972 984 968 918 879 804 778 768 745 782 842 857 826
91.4 %
909 937
3 Mo Avg
168
93.4 %
951 951 903 865 887 860 872 924 918 880 936
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