FL ARCHIVED November 2016 | Page 20

Market Action Report City: St Petersburg November 2016 St. Petersburg 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 86, up 14.7% from 75 days last month and up 330.0% from 20 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 350 300 250 200 162 150 86 100 50 20 0 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 J J A S O N 13 14 15 16 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