FL ARCHIVED October 2017 | Page 12

TAMPA

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 153 , up 57.7 % from 97 days last month and up 29.7 % from 118 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
117 118
153
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
440
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
420
more normalized indicator on the direction of Property values .
The October 2017 Selling Price per Square Foot of $ 410 was
400
down 2.6 % from $ 421 last month and up 4.4 % from 393 in
380
October of last year .
360
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 92.8 % was down from 94.3 % last month and up from 89.9 % 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 37 , up 23.3 % from 30 last month and up 60.9 % from 23 in October of last year .
0
340 320 300
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
250
200
150
100
50
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
329
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
393
Selling Price versus Listing Price Ratio
91.4 %
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
148 142 152 152
Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.9 %
174 174 174 172 162 170 177 172 172 163 171 166 170 174 161 171 176 170 165 158 163 152 154
173
3 Mo Avg
410
92.8 %
191 194 190 178 174 180 177 172
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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