FL ARCHIVED October 2016 | Page 42

Winter Haven Community Information | School District

Winter Haven 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 87 , up 27.9 % from 68 days last month and up 16.0 % from 75 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
140 120 100 80 60
81
75
87
40
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 October 2016 Selling Price per Square Foot of $ 86 was up 1.4 % from $ 85 last month and up 16.9 % from 74 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 94.8 % was up from 94.0 % last month and up from 90.8 % in October of last year .
0
100 95 90 85 80 75 70 65 60 55 50
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
14
15
16
Selling Price per Square Foot
3 Mo Avg
67
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
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.4 %
74
90.8 %
3 Mo Avg
86
94.8 %
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 161 , down 18.3 % from 197 last month and down 1.2 % from 163 in October of last year .
84 %
800 700 600 500 400 300 200 100
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
14
15
16
Inventory / New Listings / Sales
720 729 717 743 745 728 723 702 725 715 729 748
712 671 696 707
662 617 616 612 570 581 581 575 594 582 576 570 577 555 530 517 509 500 519 510
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
14
15
16
42 | c o l d w e l l b a n k e r h o m e s . c o m