FL ARCHIVED October 2016 | Page 12

Market Action Report

City: Brandon

October 2016

Brandon
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | 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 October was 50, equal to 50 days
last month and equal to 50 days in October of last year. The
October 2016 DOM was at its lowest level compared with
October of 2015 and 2014.

3 Mo Avg

120
100
76

80
60

50

50

40
20
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 October 2016 Selling Price per Square Foot of $110 was
down 0.8% from $111 last month and up 13.7% from 97 in
October of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

110
97
87

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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 October 2016 Selling Price vs Original
List Price of 97.3% was up from 95.9% last month and up from
96.2% in October of last year.

3 Mo Avg

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

98%
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%

97.3%

96.2%

91.2%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

228

222

224

222

216

209

223

222

266

273

262

268

300

272

242

210

150

280

314

200

291

288

288

343

379
338

350

328

334

328

349

327

346
292

250

335

300

334

350

376

400

313

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 October 2016 was 114, up 5.6% from 108 last month and down
5.0% from 120 in October of last year.

100
50
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 REALTOR
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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