FL ARCHIVED August 2017 | Page 12

Market Action Report City: Brandon August 2017 Brandon 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 August was 33, up 6.5% from 31 days last month and down 26.7% from 45 days in August of last year. The August 2017 DOM was at its lowest level compared with August of 2016 and 2015. 3 Mo Avg 120 100 80 60 51 45 33 40 20 0 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 M J J A 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 August 2017 Selling Price per Square Foot of $119 was up 0.6% from $118 last month and up 9.1% from 109 in