FL ARCHIVED October 2016 | Page 22

Tarpon Springs Community Information | School District

Tarpon Springs 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 168 , up 55.6 % from 108 days last month and up 48.7 % from 113 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
600
500
400
300
200
100
113
168
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 $ 254 was up 15.4 % from $ 220 last month and up 17.2 % from 217 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 86.2 % was down from 87.6 % last month and up from 77.2 % in October of last year .
0
-100
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
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
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
217
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
77.2 %
3 Mo Avg
254
86.2 %
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 3 , equal to 3 last month and up 200.0 % from 1 in October of last year .
25
20
15
10
0 %
23
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
21
16
22
18 19 19 19 18
16
18 20 19 18
16 16 15
17 21 22 21
16
14 14 14
12 11 12
15 17 18
14 15 15 15
17
5
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
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