Market Action Report
March 2016
Tampa
City: Tampa
Agent Name
Title
Phone
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Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
3 Mo Avg
300
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
250
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
200
Seller's market. The DOM for March was 199, up 35.4% from 147
days last month and up 148.8% from 80 days in March of last
150
year. The March 2016 DOM was at a mid level compared with
March of 2015 and 2014.
100
199
126
80
50
0
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 J A S O N D J F M
13
14
15
16
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 March 2016 Selling Price per Square Foot of $319 was down
17.4% from $386 last month and down 7.1% from 344 in March
of last year.
450
430
410
390
370
350
330
310
290
270
250
3 Mo Avg
368
344
319
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 J A S O N D J F M
13
14
15
16
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 March 2016 Selling Price vs Original
List Price of 86.5% was down from 90.9% last month and down
from 94.2% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94.2%
94%
92%
89.8%
90%
88%
86.5%
86%
84%
82%
80%
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 J A S O N D J F M
13
14
15
16
191
172
171
174
163
177
173
170
162
174
172
174
152
152
148
1 C