FL ARCHIVED January 2017 | Page 183

Winter Springs Community Information | School District

Winter Springs 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 60 , up 20.0 % from 50 days last month and up 33.3 % from 45 days in January of last year . The January 2017 DOM was at a mid 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 $ 131 was down 4.2 % from $ 136 last month and up 13.5 % from 115 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 95.6 % last month and down from 94.7 % 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 61 , up 84.8 % from 33 last month and up 3.4 % from 59 in January of last year .
Days On Market for Sold Properties
90
80
71
70
60
60
50
45
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
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 %
107
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
115
Selling Price versus Listing Price Ratio
92.1 %
84 %
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
250
200
150
100
50
209
223 210 203 217 220 224
Avg Selling Price divided by Avg Listing Price for sold properties during the month
221 219 215
190
159 141 142 159 157 156 169 172
160
147 135 127
94.7 %
125 119
136
3 Mo Avg
3 Mo Avg
154 154 148 139 148 146 151
137
131
94.0 %
106 98
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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