FL ARCHIVED November 2016 | Page 58

Market Action Report City: Fort Myers November 2016 Fort Myers 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 161, up 159.7% from 62 days last month and up 36.4% from 118 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 700 600 500 400 300 200 147 161 118 100 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