FL ARCHIVED January 2017 | Page 36

Tarpon Springs Community Information | School District

Tarpon Springs 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 95 , up 75.9 % from 54 days last month and up 50.8 % from 63 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
120
100
80
60
40
96
63
95
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 $ 126 was up 0.2 % from $ 126 last month and up 9.5 % from 115 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 92.1 % was down from 94.1 % last month and down from 96.3 % 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 103 , up 51.5 % from 68 last month and down 8.8 % from 113 in January of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
450 400 350 300 250 200 150 100 50 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
104
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 versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 96.3 %
95.6 %
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
411 403 398 395 407 392 395 390 407 392 400 408 402 396 382 383 349 336 338 325 311 299 310
115
318 304 313 289 290 280 272 259 267
3 Mo Avg
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
268 279
256
126
92.1 %
253
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