FL ARCHIVED October 2016 | Page 12

Market Action Report

October 2016

Tampa

City: Tampa

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

3 Mo Avg

300

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
250
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
200
Seller's market. The DOM for October was 118, down 45.1% from
215 days last month and up 0.9% from 117 days in October of last
150
year. The October 2016 DOM was at a mid level compared with
October of 2015 and 2014.
100

135

118

117

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
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 $390 was up
8.4% from $360 last month and up 18.7% from 329 in October of
last year.

450
430
410
390
370
350
330
310
290
270
250

3 Mo Avg

390

329

320

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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 89.9% was down from 90.8% last month and down
from 91.4% 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%

91.4%

92%

89.9%

89.7%

90%
88%
86%
84%
82%
80%

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177

175

181

177

172

174

161

169

170

165

171

161

176

171

169

161

173

171

173
151

151

147

141

140

137

137

135

148

143

143

139

134

128

128

116

200
180
160
140
120
100
80
60
40
20
0

173

Inventory / New Listings / Sales

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 23, down 11.5% from 26 last month and
down 14.8% from 27 in October of last year.

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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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