Lakeland Community Information | School District
Lakeland Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 55 , down 3.5 % from 57 days last month and down 19.1 % from 68 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 . |
120
100
80
60
40
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69 68 |
55 |
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20 |
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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 $ 98 was up 4.0 % from $ 94 last month and up 14.8 % from 85 in October of last year .
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 95.2 % was down from 96.0 % last month and up from 93.4 % in October of last year .
0
100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 %
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 D |
J |
F M A M J |
J |
A |
S O |
13 |
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14 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
98 |
82
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 D |
J |
F M A M J |
J |
A |
S O |
13 |
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14 |
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15 |
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16 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.8 %
85
93.4 %
3 Mo Avg
95.2 %
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 October 2016 was 301 , down 16.2 % from 359 last month and down 12.0 % from 342 in October of last year .
84 %
1,400 1,200 1,000 800 600
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D |
J |
F M A M J |
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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 |
13 |
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14 |
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15 |
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16 |
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Inventory / New Listings / Sales |
1,181 1,203 1,198 1,185 1,181 1,159 1,147 1,147 1,187 1,219 1,221 1,189 1,167 1,119 1,129 1,141 1,099 1,115 1,068 1,074 1,048 1,003 1,021 1,032 1,021 951 977 951 932 917 911 908 939 962 946
871
400 200
0
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 D |
J |
F M A M J |
J |
A S O |
13 |
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14 |
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15 |
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16 |
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40 | c o l d w e l l b a n k e r h o m e s . c o m