Hillsborough County Community Information | School District
Hillsborough County 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 March was 61 , up 3.4 % from 59 days last month and down 6.2 % from 65 days in March of last year . The March 2017 DOM was at its lowest level compared with March 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 March 2017 Selling Price per Square Foot of $ 131 was up 2.2 % from $ 128 last month and up 9.3 % from 120 in March 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 March 2017 Selling Price vs Original List Price of 95.8 % was down from 95.9 % last month and up from 95.4 % in March of last year .
Days On Market for Sold Properties
90 |
81 |
80 |
|
|
70 |
65 |
61 |
60 |
|
|
50 |
|
|
40 |
|
|
30 |
|
|
20 |
|
|
10 |
|
|
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 |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 %
108
|
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 |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
120
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
95.4 %
3 Mo Avg
3 Mo Avg
131
95.8 %
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 March 2017 was 2,864 , up 19.6 % from 2,395 last month and up 2.4 % from 2,798 in March of last year .
90 % |
|
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 |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0
7,391 7,491 7,564 7,561 7,562 7,397 7,276 7,102 6,944 6,671 6,625 6,537 6,552 6,548 6,585 6,319 6,090 5,956 5,947
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
5,877 5,536 5,557 5,562 5,652 5,596 5,689 5,759 5,805 5,773 5,718 5,664 5,632 5,342 5,400 5,275 4,964
10 | c o l d w e l l b a n k e r h o m e s . c o m