FL ARCHIVED November 2016 | Page 10
Market Action Report
November 2016
Hillsborough County
County: Hillsborough
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
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 November was 103, down 30.9%
from 149 days last month and up 60.9% from 64 days in
November of last year. The November 2016 DOM was at a mid
level compared with November of 2015 and 2014.
3 Mo Avg
350
300
253
250
200
150
103
100
64
50
0
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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 November 2016 Selling Price per Square Foot of $372 was
up 5.2% from $353 last month and up 21.1% from 307 in
November of last year.
450
430
410
390
370
350
330
310
290
270
250
3 Mo Avg
372
338
307
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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 November 2016 Selling Price vs
Original List Price of 91.4% was up from 87.8% last month and
down from 94.1% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94.1%
94%
91.4%
92%
90%
88%
86.7%
86%
84%
82%
80%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
264
267
265
272
265
265
255
245
245
246
233
254
235
253
248
237
247
245
246
245
225
223
216
208
206
213
208
226
221
221
214
200
150
213
200
211
250
251
300
196
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 November 2016 was 41, up 13.9% from 36 last month and up
36.7% from 30 in November of last year.
100
50
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTO
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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