FL ARCHIVED March 2017 | Page 40

Market Action Report
City: Lakeland
Lakeland
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
3 Mo Avg
120
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
100
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
80
Seller's market. The DOM for March was 62, down 4.6% from 65
days last month and down 23.5% from 81 days in March of last
60
year. The March 2017 DOM was at its lowest level compared
with March of 2016 and 2015.
40
82
81
62
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The March 2017 Selling Price per Square Foot of $100 was up
80
2.1% from $98 last month and up 8.9% from 92 in March of last
75
year.
70
65
60
55
50
3 Mo Avg
100
92
81
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 95.3% was up from 95.2% last month and up from
93.8% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
95.3%
93.8%
91.4%
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
600
800
1,000
1,200
1,400
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 438, up 27.0% from 345 last month and up
19.0% from 368 in March of last year.
400
200
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.
40 | c o l d w e l l b a n k e r h o m e s . c o m