FL ARCHIVED January 2017 | Page 167

Orange County Community Information | School District

Orange County 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 January was 70 , up 14.8 % from 61 days last month and down 6.7 % from 75 days in January of last year . The January 2017 DOM was at its lowest level compared with January 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 January 2017 Selling Price per Square Foot of $ 128 was down 0.3 % from $ 129 last month and up 10.0 % from 117 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 95.1 % was down from 95.6 % last month and up from 94.7 % in January of last year .
Days On Market for Sold Properties
90
83
80
75
70
70
60
50
40
30
20
10
0
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 M A M J
J
A
S O N D
J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
97 % 96 % 95 % 94 % 93 % 92 %
106
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 M A M J
J
A
S O N D
J
14
15
16
17
117
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.0 %
94.7 %
3 Mo Avg
3 Mo Avg
128
95.1 %
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 2,026 , up 43.9 % from 1,408 last month and down 2.5 % from 2,077 in January of last year .
91 %
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 M A M J
J
A S O N D
J
14
15
16
17
Inventory / New Listings / Sales
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0
6,792 6,938 7,131 7,381 7,494 7,583 7,553 7,537 7,526 7,292 6,930 6,872 6,789 6,844 6,841 6,906 6,950 6,882 6,767
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 M A M J
J
A S O N D
J
14
15
16
17
6,654 6,415 6,220 5,890 5,830 5,767 5,844 5,746 5,837 5,873 5,870 5,704 5,643 5,452 5,224 4,764 4,431 c o l d w e l l b a n k e r h o m e s . c o m | 167