FL ARCHIVED April 2017 | Page 212

Navarre Community Information | School District

Navarre 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 63 , down 13.7 % from 73 days last month and down 37.0 % from 100 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 129 was down 6.8 % from $ 138 last month and up 15.4 % from 112 in April of last year .
160 140 120 100 80 60 40 20
Days On Market for Sold Properties
Selling Price vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their
99 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
original list price . The lower the ratio is below 100 % the more of
98 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The April 2017 Selling Price vs Original List
Price of 97.5 % was up from 97.0 % last month and up from 96.3 %
97 %
96 %
96.2 %
96.3 %
in April of last year .
95 %
94 %
93 %
92 %
91 %
90 %
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 A
14
15
16
17
Inventory / New Listings / Sales
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 2017 was 186 , down 3.6 % from 193 last month and up 8.1 % from 172 in April of last year .
1,000
900
800
700
600
500
400
300
200
100
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 S O N D
J
F M A
14
15
16
17
148
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
S O N D
J
F M A
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
117
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 A
14
15
16
17
875 875 870
825 772 790 776 785 820 818 855 857 819 841
783
100
112
3 Mo Avg
63
129
97.5 %
709 674 679 651 616 600 615 591 566 596 589 527 515 505 513 498 467 426 414 408 380
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