FL ARCHIVED July 2017 | Page 12

TAMPA

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 27.8 % from 79 days last month and down 54.4 % from 125 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
176
125
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
440
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
420
more normalized indicator on the direction of Property values .
The July 2017 Selling Price per Square Foot of $ 354 was up 0.2 %
400
from $ 353 last month and down 9.4 % from 391 in July of last
380
year .
360
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 92.5 % was down from 94.1 % last month and down from 94.5 % 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 30 , down 11.8 % from 34 last month and up 20.0 % from 25 in July of last year .
0
340 320 300
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
250
200
150
100
50
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
Selling Price per Square Foot
3 Mo Avg
396
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
391
Selling Price versus Listing Price Ratio
91.5 %
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
138 138 141 148 142 152 152
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.5 %
174 174 174 172 162 170 177 172 172 163 171 166 170 174 161 171 176 170 165 158 163 152 154
173
3 Mo Avg
J
354
J
92.5 %
J
192 196 192 182 177
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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