FL ARCHIVED November 2017 | Page 152

Stuart Community Information | School District

Stuart Community Information | School District

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 69 , down 12.7 % from 79 days last month and down 11.5 % from 78 days in November of last year . The November 2017 DOM was at its lowest level compared with November of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
88
78
3 Mo Avg
69
20
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 2017 Selling Price per Square Foot of $ 179 was up 8.7 % from $ 165 last month and up 12.9 % from 158 in November of last year .
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 2017 was 234 , down 8.6 % from 256 last month and up 1.7 % from 230 in November of last year .
0
200 190 180 170 160 150 140 130 120 110 100
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 95 % original list price . The lower the ratio is below 100 % the more of
94 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs 93 % Original List Price of 93.0 % was down from 93.1 % last month
92 % and up from 92.5 % in November of last year . 91 % 90 % 89 % 88 %
1,200
1,000 800 600 400 200
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 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
152
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
16
17
Selling Price versus Listing Price Ratio
93.9 %
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 14 15
16
17 Inventory / New Listings / Sales
972 984 968 918 880
805
Avg Selling Price divided by Avg Listing Price for sold properties during the month
779 769 746 784 847 862 832 916 944 958 959 913 880 906 886 900
954
158
92.5 %
962 943 1,016 1,024 987 983 948 903
841
3 Mo Avg
802 766 788
179
93.0 %
793
0 D J 14 15
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
16
17
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