FL ARCHIVED March 2017 | Page 208

Santa Rosa County Community Information | School District

Santa Rosa County Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for March was 90 , down 12.6 % from
100
103 days last month and down 18.9 % from 111 days in March of
last year . The March 2017 DOM was at its lowest level compared
80
with March of 2016 and 2015 .
60
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 $ 121 was up 2.1 % from $ 118 last month and up 13.6 % from 106 in March 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 March 2017 Selling Price vs Original List Price of 96.5 % was up from 96.0 % last month and up from 96.4 % in March 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 March 2017 was 549 , up 22.3 % from 449 last month and down 4.7 % from 576 in March of last year .
40 20
Days On Market for Sold Properties
119
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
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F M
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15
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 %
97
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M J
J
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S O N D
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F M A M J
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S O N D
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F M A M J
J
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S O N D
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F M
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111
106
Selling Price versus Listing Price Ratio
93.3 %
90
121
96.4 % 96.5 %
90 %
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M J
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A S O N D
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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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F M
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Inventory / New Listings / Sales
2,500
2,000
1,500
1,000
500
2,316 2,336 2,352 2,283 2,221 2,184
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,202 2,167 2,171 2,289 2,242 2,305 2,276 2,291 2,271 2,164 2,085 2,019 2,002 1,932 1,892 1,888 1,895 1,869 1,848 1,847 1,839 1,721 1,655 1,615 1,563 1,515
3 Mo Avg
3 Mo Avg
1,472 1,445 1,423 1,353
0
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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