FL ARCHIVED November 2016 | Page 12

Market Action Report

November 2016

Tampa

City: Tampa

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 109, down 7.6%
from 118 days last month and up 55.7% from 70 days in
November of last year. The November 2016 DOM was at a mid
level compared with November of 2015 and 2014.

300

3 Mo Avg

261

250
200
150

109

100

70

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 $403 was
up 3.4% from $390 last month and up 14.6% from 352 in
November of last year.

450
430
410
390
370
350
330
310
290
270
250

3 Mo Avg

403

392
352

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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 91.3% was up from 89.9% last month and
down from 95.2% in November of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

98%

95.2%

96%
94%

91.3%

92%
90%
88%

86.7%

86%
84%
82%
80%
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172

172

168

180

176

172

174

161

169

170

165

171

161

176

171

169

161

173

171

173
151

151

147

141

140

137

137

135

148

143

143

139

134

128

116

200
180
160
140
120
100
80
60
40
20
0

173

Inventory / New Listings / Sales

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 November 2016 was 25, up 8.7% from 23 last month and up
56.3% from 16 in November of last year.

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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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