FL ARCHIVED January 2017 | Page 38

Polk County Community Information | School District

Polk County 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 67 , down 11.8 % from 76 days last month and down 23.0 % from 87 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
96
87
67
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 $ 94 was down 0.9 % from $ 95 last month and up 12.9 % from 84 in January of last year .
0
F
M A M J
J
A
S O N D
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F M A M J
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F M A M J
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A
S O N D
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Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
74
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
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S O N D
J
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Selling Price vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their
97 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
original list price . The lower the ratio is below 100 % the more of
96 %
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 94.9 % last month and up
95 %
94 %
94.4 %
from 92.5 % in January of last year .
93 %
92.5 %
92 %
90.9 %
91 %
90 %
89 %
88 %
F
M A M J
J
A S O N D
J
F M A M J
J
A S O N D
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F M A M J
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A S O N D
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14
15
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Inventory / New Listings / Sales
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 1,155 , up 30.8 % from 883 last month and down 0.4 % from 1,160 in January of last year .
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
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M A M J
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A S O N D
J
F M A M J
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A S O N D
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F M A M J
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A S O N D
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4,131 4,102 4,043 4,046 4,037 4,124 4,145 4,209 4,241 4,192 4,060 4,136 4,194
84
4,106 4,106 4,047 3,988 3,869 3,786 3,824 3,767 3,725 3,566 3,692 3,638 3,554 3,473 3,376 3,323 3,352 3,440 3,516 3,454 3,470 3,319 3,144
94
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