FL ARCHIVED January 2017 | Page 171

Winter Park Community Information | School District

Winter Park 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 66 , up 20.0 % from 55 days last month and down 4.3 % from 69 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 $ 182 was up 6.9 % from $ 170 last month and up 13.5 % from 160 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 94.0 % was down from 94.9 % last month and up from 92.5 % in January of last year .
Days On Market for Sold Properties
100
90
79
80
70
69
66
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
240 220 200 180 160 140 120 100
100 % 98 % 96 % 94 % 92 %
165
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
160
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.9 %
92.5 %
3 Mo Avg
3 Mo Avg
182
94.0 %
90 % 88 %
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 153 , up 82.1 % from 84 last month and up 4.1 % from 147 in January of last year .
86 %
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
600 500 400 300
462 482 463 471 462 442 449 464 465 455 429 436 424 437 421 434 456 450 448 451 438 422 384 379 368 380 372 391 398 408 395 371 375 363 342 344
200 100
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
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