FL ARCHIVED June 2017 | Page 24

ST . PETE BEACH

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 June was 76 , down 67.4 % from 233 days last month and down 46.1 % from 141 days in June of last year . The June 2017 DOM was at its lowest level compared with June of 2016 and 2015 .
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 $ 539 was up 17.4 % from $ 459 last month and down 29.2 % from 761 in June of last year .
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Days On Market for Sold Properties
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Selling Price per Square Foot
3 Mo Avg
447
141
761
3 Mo Avg
76
539
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 June 2017 Selling Price vs Original List Price of 88.6 % was up from 80.7 % last month and down from 90.9 % in June of last year .
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.1 %
3 Mo Avg
90.9 % 88.6 %
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 June 2017 was 4 , up 33.3 % from 3 last month and equal to 4 in June of last year .
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Inventory / New Listings / Sales
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