FL ARCHIVED March 2017 | Page 175

Market Action Report City: Kissimmee Kissimmee March 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 March was 71, down 9.0% from 78 days last month and down 18.4% from 87 days in March of last year. The March 2017 DOM was at its lowest level compared with March of 2016 and 2015. 3 Mo Avg 120 100 87 86 80 71 60 40 20 0 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 F M 14 15 16 17 Selling Price per Square Foot 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 March 2017 Selling Price per Square Foot of $107 was up 1.7% from $105 last month and up 11.5% from 96 in March of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 107 96 87 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