FL ARCHIVED May 2018 | Page 74

POLK 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 May was 0 , up from 0 days last month and up from 0 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .
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 May 2018 Selling Price per Square Foot of $ 0 was up from $ 0 last month and up from 0 in May of last year .
450 400 350 300 250 200 150 100 50 0
350 300 250 200 150 100
Days On Market for Sold Properties
3 Mo Avg
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 A M
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
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 May 2018 Selling Price vs Original List Price of 0.0 % was up from 0.0 % last month and up from 0.0 % in May of last year .
50
140 % 120 % 100 % 80 % 60 %
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 A M
15
16
17
18
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
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 May 2018 was 5 , down 44.4 % from 9 last month and down 37.5 % from 8 in May of last year .
0 % 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 A M 15
16 17
18
Inventory / New Listings / Sales
50 45 40 35 30 25 20 15 10 5 0 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 A M 15
16 17
18
35 35 33
28
30
27 29 31 31 31 35 33 31 31 35 33 31 30
25 25 27 28
23 29 30 32 32 31 31 30 30
33 36 35
43 46
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