FL ARCHIVED March 2017 | Page 181

Oviedo Community Information | School District

Oviedo 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 45 , down 22.4 % from 58 days last month and down 10.0 % from 50 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 $ 140 was up 1.4 % from $ 138 last month and up 10.0 % from 128 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 96.1 % was down from 96.3 % last month and up from 95.5 % in March 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 March 2017 was 115 , up 22.3 % from 94 last month and down 6.5 % from 123 in March of last year .
Days On Market for Sold Properties
90
80
70
63
60
50
50
45
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
150 145 140 135 130 125 120 115 110 105 100
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 %
117
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
128
Selling Price versus Listing Price Ratio
93.8 %
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
300 250 200 150 100 50
245
251 278 279 280 271 259
Avg Selling Price divided by Avg Listing Price for sold properties during the month
249 257 260
226 228 239 227 226 232 226 230 223 212
199 184
95.5 %
3 Mo Avg
3 Mo Avg
140
96.1 %
189 189 180 176 200 207 206 204 210 202 184 184 165 163
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
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