Market Action Report
November 2016
Sarasota County
County: Sarasota
Agent Name
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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 100, down 24.2%
from 132 days last month and down 35.9% from 156 days in
November of last year. The November 2016 DOM was at its
lowest level compared with November of 2015 and 2014.
3 Mo Avg
300
250
200
156
148
150
100
100
50
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 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 $566 was
up 16.1% from $488 last month and up 10.9% from 510 in
November of last year.
3 Mo Avg
700
650
600
566
550
510
482
500
450
400
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 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 92.5% was up from 90.4% last month and
up from 89.3% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94%
92%
92.5%
89.3%
90%
88.0%
88%
86%
84%
82%
80%
78%
76%
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
Inventory / New Listings / Sales
Inventory / New Listings / Sales
533
490
452
497
477
527
517
556
550
546
518
480
480
432
423
431
396
300
422
495
459
538
525
509
475
472
456
427
478
455
517
543
536
490
400
540
500
511
600
488
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 w