FL ARCHIVED January 2017 | Page 194

Pensacola Community Information | School District

Pensacola 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 88 , up 8.6 % from 81 days last month and down 7.4 % from 95 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
96 95
88
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 $ 92 was down 0.5 % from $ 93 last month and up 11.7 % from 83 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 93.8 % was down from 94.0 % last month and up from 92.3 % in January of last year .
0
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Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
96 % 94 % 92 % 90 % 88 % 86 %
74
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.3 %
83
92.3 %
3 Mo Avg
92
93.8 %
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 385 , up 33.7 % from 288 last month and down 1.0 % from 389 in January of last year .
84 %
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Inventory / New Listings / Sales
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
1,784 1,795 1,829 1,863 1,874 1,897 1,903 1,819 1,825 1,795 1,748 1,775 1,807 1,805 1,761 1,759 1,788 1,749 1,715
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1,642 1,603 1,615 1,531 1,487 1,405 1,421 1,408 1,392 1,398 1,407 1,370 1,351 1,292 1,303
1,202 1,095
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