FL ARCHIVED October 2016 | Page 10

Market Action Report

October 2016

Hillsborough County

County: Hillsborough

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 October was 149, down 23.6%
from 195 days last month and down 6.9% from 160 days in
October of last year. The October 2016 DOM was at a mid level
compared with October of 2015 and 2014.

3 Mo Avg

350
300
250
200

160

149

132

150
100
50
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
450
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 400
more normalized indicator on the direction of Property values.
The October 2016 Selling Price per Square Foot of $353 was up
350
3.3% from $342 last month and up 16.8% from 302 in October of
last year.
300

3 Mo Avg

353
302

299

250
200
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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 87.8% was down from 91.6% last month and down
from 92.0% in October of last year.

3 Mo Avg

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

98%
96%
94%

92.0%

92%

89.7%

90%

87.8%

88%
86%
84%
82%
80%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

275

270

273

266

265

255

245

245

246

233

254

235

253

248

237

247

245

246

245

225

223

216

208

206

213

208

226

221

221

214

213

200

150

211

200

211

250

251

300

196

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 36, equal to 36 last month and down 7.7%
from 39 in October of last year.

100
50
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
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REALTO
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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