FL ARCHIVED July 2016 | Page 32

Market Action Report
County: Polk

July 2016

Polk County
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | 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 July was 397, up from 0 days last
month and up 596.5% from 57 days in July of last year. The July
2016 DOM was at a mid level compared with July of 2015 and
2014.

3 Mo Avg

1,000
900
800
700
600
500

397

400
300
200
57

100
0

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-100

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 July 2016 Selling Price per Square Foot of $327 was up from
$0 last month and up 299.2% from 82 in July of last year.

3 Mo Avg

350

327

300
250
200
150
82

100
50

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Selling Price versus Listing Price Ratio

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 89.6% was up from 0.0% last month and up from 70.0%
in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

140%
120%
100%

89.6%

80%

70.0%

60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

15

33

31

37
32

32

32

30

30

29

35

35

33
28

27
23

22

27
23

27

27

27

27

27

27

25

23

25

24

24
19

20

23

25

26

32

30

34

35

35

40

21

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 1, down 50.0% from 2 last month and down
50.0% from 2 in July of last year.

10
5
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con

Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTO
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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