FL ARCHIVED January 2017 | Page 26

Clearwater Community Information | School District

Clearwater 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 59 , up 5.4 % from 56 days last month and down 3.3 % from 61 days in January of last year . The January 2017 DOM was at its lowest 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 $ 115 was down 2.9 % from $ 119 last month and up 9.5 % from 105 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 94.5 % was up from 93.7 % last month and up from 93.3 % in January of last year .
Days On Market for Sold Properties
100
90
81
80
70
61
59
60
50
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
150 140 130 120 110 100 90 80 70 60 50
96 % 94 % 92 % 90 % 88 % 86 %
88
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
105
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.2 %
93.3 %
3 Mo Avg
3 Mo Avg
115
94.5 %
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 301 , up 46.1 % from 206 last month and down 15.7 % from 357 in January of last year .
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
1,200
1,000 800 600 400
1,056 1,016 1,040 1,031 1,007 1,053 1,043 1,033 1,031 1,005 977 982 981 959 899 887 886 824 789 745 763 769 754 764 766 754 754 754 699 669 687 685 697 709 645 597
200 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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