New Port Richey Community Information | School District
New Port Richey 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 65 , up 27.5 % from 51 days last month and down 27.0 % from 89 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 . |
120
100
80
60
40
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80 |
89 |
65 |
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20 |
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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 $ 92 was down 2.6 % from $ 94 last month and up 13.5 % from 81 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 up from 93.6 % last month and up from 90.6 % 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 266 , up 26.7 % from 210 last month and down 9.8 % from 295 in January of last year .
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Selling Price per Square Foot |
3 Mo Avg |
100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %
70
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Selling Price versus Listing Price Ratio
90.0 %
82 % |
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Inventory / New Listings / Sales |
1,200
1,000 800 600 400 200
1,058 1,113 1,142 1,101 1,075 1,039
Avg Selling Price divided by Avg Listing Price for sold properties during the month
994 989 1,019 1,014 1,004 1,013 1,008 960 936 930 895 883 873 847 821 824 795
81
90.6 %
767 763 733 688 651 633 597 600 609
3 Mo Avg
641 661 616
92
93.8 %
598
0
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20 | c o l d w e l l b a n k e r h o m e s . c o m