FL ARCHIVED October 2017 | Page 10

HILLSBOROUGH COUNTY

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 172 , up 57.8 % from 109 days last month and up 15.4 % from 149 days in October of last year . The October 2017 DOM was at a mid level compared with October of 2016 and 2015 .
300
250
200
150
100
160
149
172
50
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 $ 355 was down 11.4 % from $ 401 last month and down 0.1 % from 356 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 90.2 % was down from 93.0 % last month and up from 87.8 % in October of last year .
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 51 , up 30.8 % from 39 last month and up 50.0 % from 34 in October of last year .
0
450 430 410 390 370 350 330 310 290 270 250
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
350 300 250 200 150
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
302
Selling Price versus Listing Price Ratio
356 355
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
92.0 %
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
217
209 224 226 247 246 248
Avg Selling Price divided by Avg Listing Price for sold properties during the month
246 238 249 254 252 255 237 247 234 245 254 244 262 267 257 258
87.8 %
251
254 235 248
269 286 299 295 282
3 Mo Avg
283 291 285
90.2 %
279
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
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