FL ARCHIVED April 2016 | Page 32

Tarpon Springs Community Information | School District

Tarpon Springs Community Information | School District

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 0 , up from 0 days last month and up from 0 days in April of last year . The April 2016 DOM was at a mid level compared with April of 2015 and 2014 .
700 600 500 400 300 200 100
Days On Market for Sold Properties
175
3 Mo Avg
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 $ 0 was up from $ 0 last month and up from 0 in April of last year .
0
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
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O N D
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F M A
-100
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
350 330 310 290 270 250 230 210 190 170 150
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 120 % 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 100 % of a Seller ' s market . The April 2016 Selling Price vs Original List Price of 0.0 % was up from 0.0 % last month and up from 0.0 % in
80 %
April of last year .
60 % 40 % 20 %
270
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
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O N D
J
F M A
13
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
74.1 %
3 Mo Avg
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 3 , down 50.0 % from 6 last month and equal to 3 in April of last year .
25
20
15
0 %
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O N D
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F M A M J
J
A
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O N D
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F M A M J
J
A
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O N D
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F M A
13
14
15
16
Inventory / New Listings / Sales
22 21 21 22 22 22
23
21
16 22
18 19 19 19
18
16 18
20 19
18
16 17
16 18
22 23
22
17
15 15 15
16 19
10
13 12
13
5
0
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O N D
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F M A M
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F M A M
J
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F M A
13
14
15
16
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