Market Action Report
City: Sarasota
March 2017
St. Armands
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 77, down 6.1% from 82
days last month and up 32.8% from 58 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
100
90
80
77
73
70
58
60
50
40
30
20
10
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 $205 was up
2.0% from $201 last month and up 8.8% from 188 in March of
last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
205
188
171
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 93.6% was up from 93.1% last month and down
from 94.3% in March of last year.
3 Mo Avg
Avg Selling