ST . PETERSBURG
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 December was 232 , down 2.9 % from 239 days last month and up 160.7 % from 89 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 . |
300
250
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Days On Market for Sold Properties
89
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3 Mo Avg
232
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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 December 2017 Selling Price per Square Foot of $ 497 was up 23.5 % from $ 402 last month and up 10.1 % from 451 in December of last year .
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 December 2017 Selling Price vs Original List Price of 88.0 % was down from 93.5 % last month and down from 94.8 % in December of last year .
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Selling Price per Square Foot |
3 Mo Avg |
700 650 600 550 500 450 400 350 300
120 % 100 % 80 % 60 %
440
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451
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.3 % 94.8 %
3 Mo Avg
497
88.0 %
40 % 20 %
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 December 2017 was 19 , down 32.1 % from 28 last month and down 17.4 % from 23 in December of last year .
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Inventory / New Listings / Sales |
140 120 100 80 60 40
72 71 72 68 64 59 62 56 59 65 66 70
77 83 86
96
81
88
78 74
85 101 106
113 127 130 126
118 109 112 110 107 111 124 127 122
20 0
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