FL ARCHIVED January 2017 | Page 186

Bay County Community Information | School District

Bay County 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 149 , up 12.9 % from 132 days last month and down 11.8 % from 169 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
250
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150
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166 169
149
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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 $ 210 was down 5.0 % from $ 221 last month and up 13.3 % from 185 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 93.5 % was down from 94.9 % last month and down from 97.1 % 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 47 , up 11.9 % from 42 last month and down 48.9 % from 92 in January of last year .
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Selling Price per Square Foot
3 Mo Avg
250 240 230 220 210 200 190 180 170 160 150
226
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Selling Price versus Listing Price Ratio
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100 %
98 %
96.1 %
97.1 %
96 %
94 %
93.5 %
92 %
90 %
88 %
86 %
84 %
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Inventory / New Listings / Sales
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261 265 283 294 285 284 302 308 328 325
287 318 301 307
343 376 373 386 391 397 375 361 363
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392 399 399 406 420 409 408 385 378 382
357 338
210
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186 | c o l d w e l l b a n k e r h o m e s . c o m