FL ARCHIVED March 2017 | Page 188

Market Action Report City: Panama City Panama City 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 144, up 18.0% from 122 days last month and down 11.7% from 163 days in March of last year. The March 2017 DOM was at a mid level compared with March of 2016 and 2015. 3 Mo Avg 900 800 700 600 500 400 300 200 163 106 144 100 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 $201 was up 21.8% from $165 last month and up 0.2% from 200 in March of last year. 3 Mo Avg 240 220 201 200 200 180 160 140 124 120 100 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 versus Listing Price Ratio 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 March 2017 Selling Price vs Original List Price of 93.7% was down from 95.0% last month and down from 95.7% in March of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 95.7% 94.5% 100% 93.7% 80% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 40 60 80 100 120 140 160 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 March 2017 was 12, equal to 12 last month and down 25.0% from 16 in March of last year. 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 Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction. 188 | c o l d w e l l b a n k e r h o m e s . c o m