FL ARCHIVED April 2016 | Page 10

Hillsborough County Community Information | School District

Hillsborough County Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 April was 130 , down 33.0 % from 194 days last month and up 97.0 % from 66 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .
350 300 250 200 150
126
130
100
66
50
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 April 2016 Selling Price per Square Foot of $ 363 was up 19.7 % from $ 304 last month and up 24.2 % from 293 in April of last year .
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350
300
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Selling Price per Square Foot
3 Mo Avg
291 293
363
250
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 April 2016 Selling Price vs Original List Price of 90.9 % was up from 87.3 % last month and down from 92.0 % in April 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 April 2016 was 53 , down 20.9 % from 67 last month and up 23.3 % from 43 in April of last year .
200
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
300 250 200 150 100 50 0
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13
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Selling Price versus Listing Price Ratio
87.8 %
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Inventory / New Listings / Sales
212 211 209 212 225 223
211
Avg Selling Price divided by Avg Listing Price for sold properties during the month
196 211 214 215 223 228 224 216 210 207 201 217 209 224 226
247
92.0 %
246 248 246 238 249 254 252 255
236
3 Mo Avg
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246 234
252
90.9 %
274
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