FL ARCHIVED July 2017 | Page 10

HILLSBOROUGH COUNTY

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 57 , down 32.9 % from 85 days last month and down 51.3 % from 117 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 .
300
250
200
150
100
50
147
117
57
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 2017 Selling Price per Square Foot of $ 335 was down 2.2 % from $ 342 last month and down 5.0 % from 352 in July 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 July 2017 Selling Price vs Original List Price of 92.1 % was up from 91.7 % last month and down from 93.3 % in July of last year .
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 2017 was 47 , up 2.2 % from 46 last month and up 34.3 % from 35 in July of last year .
0
390 370 350 330 310 290 270 250
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150 100 50
A S O N D 14
A S O N D 14
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
15
16
17
Selling Price per Square Foot
348
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
15
16
17
352
Selling Price versus Listing Price Ratio
92.7 %
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
14
15
16
17
Inventory / New Listings / Sales
209 207 201 217 209 224 226
Avg Selling Price divided by Avg Listing Price for sold properties during the month
247 246 248 246 238 249 254 252 255 237 247 234 245 254 244
263
93.3 %
268 258 259 253 256 237 249
269
288
3 Mo Avg
3 Mo Avg
303
299
J
335
J
92.1 %
J
287 287
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
14
15
16
17
J
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