FL ARCHIVED January 2017 | Page 200

Crestview Community Information | School District

Crestview Community Information | School District

Market Time
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The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
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Seller ' s market . The DOM for January was 89 , down 19.8 % from
100
111 days last month and down 18.3 % from 109 days in January of
last year . The January 2017 DOM was at its lowest level
80
compared with January of 2016 and 2015 .
60
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 $ 88 was up 3.2 % from $ 85 last month and up 19.1 % from 74 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 94.4 % was down from 96.3 % last month and up from 92.8 % in January of last year .
40 20
Days On Market for Sold Properties
111 109
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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 %
74 74
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M A M J
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 % 92.8 %
3 Mo Avg
3 Mo Avg
89
88
94.4 %
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 107 , up 18.9 % from 90 last month and down 0.9 % from 108 in January of last year .
86 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales
571 608 587 587 609 626 609 586 594 585 559 561 542 534 520 538 586 595 566 518 511 479 467 444 481 486 520 527 507 492
453 421 398 378 391
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