FL ARCHIVED October 2017 | Page 36

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 61 , down 19.7 % from 76 days last month and down 14.1 % from 71 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
120
100
80
60
40
92
71
61
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 2017 Selling Price per Square Foot of $ 140 was down 5.7 % from $ 149 last month and up 8.0 % from 130 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 2017 Selling Price vs Original List Price of 94.8 % was down from 95.1 % last month and up from 94.7 % in October of last year .
0
200 190 180 170 160 150 140 130 120 110 100
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
115
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
14
15
16
17
130
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
3 Mo Avg
140
94.7 % 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 2017 was 108 , up 120.4 % from 49 last month and up 8.0 % from 100 in October of last year .
84 %
450 400 350 300 250 200 150 100 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
14
15
16
17
Inventory / New Listings / Sales
392 400 408 402 396 382 383 349 336 338 325 311 299 310 318 304 313 289 290
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
14
15
16
17
281 273 261 268 270 281 262 266 259 283 270 274 271 253 256 239 231
36 | c o l d w e l l b a n k e r h o m e s . c o m