FL ARCHIVED June 2017 | Page 18

Market Action Report June 2017 City: Clearwater CLEARWATER 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 June was 100, down 8.3% from 109 days last month and up from 0 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 700 600 479 500 400 300 200 100 100 0 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 A S O N D J F M A M J 14 15 16 17 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 June 2017 Selling Price per Square Foot of $172 was down 47.1% from $326 last month and up from 0 in June of last year. 3 Mo Avg 500 450 400 350 300 250 200 172 153 150 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 A S O N D J F M A M J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that S