FL ARCHIVED July 2016 | Page 24

Palm Harbor Community Information | School District

Palm Harbor 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 July was 26 , down 79.7 % from 128 days last month and down 75.0 % from 104 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 July 2016 Selling Price per Square Foot of $ 231 was down 1.5 % from $ 235 last month and down 27.0 % from 317 in July of last year .
450 400 350 300 250 200 150 100 50 0
450 400 350 300 250 200
Days On Market for Sold Properties
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 M
J
J
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
104
317
3 Mo Avg
26
231
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 July 2016 Selling Price vs Original List Price of 87.3 % was up from 85.0 % last month and up from 78.5 % in July of last year .
150
120 % 100 % 80 % 60 %
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 M
J
J
13
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
78.5 %
3 Mo Avg
87.3 %
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 July 2016 was 2 , down 75.0 % from 8 last month and equal to 2 in July of last year .
30 25 20 15
0 %
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 M J
J
13
14
15
16
Inventory / New Listings / Sales
24 26
21
18 19 19 19 19 19 18 18 19 18
20 24 24
19
17 20 20 22 21
24
20 22
20
17 18 19 20
17 19 18
16 22
24
10 5 0
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 M
J
J
13
14
15
16
24 | c o l d w e l l b a n k e r h o m e s . c o m