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Ocala Florida December 2017 Market Summary
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Ocala Florida December 2017 Market Summary

For PDF file Click Here: Ocala Florida Market Summary Report Dec 2016

 

 

Active listings: How many listings were for sale during each month. The number of active listings is a “snapshot” of active listings on the 15th of the month. Rather than showing the number of all listings that were active at any time during the month, this chart displays a representation of the number of listings that were active on one day. A trend upward or downward from month to month can be established by using the same day of every month.

New listings: How many properties were put on the market during each month. It is the total number of listings newly added to the MLS system during the month. (All listings whose Listing Date falls within that particular month.)

Sold listings: The total number of listings whose sales contracts were completed, or closed, during the month.

The Listings Prices chart displays median and/or average list prices and sale prices.

An average price is where all the prices are added and then divided by the number of prices. *

List price refers to the current list price of a listing.

The Absorption Rate, in Months chart, shows how long the current inventory of properties would last at the current rate of sales.

If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market.

Absorption rate is based on two numbers:
The number of active listings
The average number of listings sold per month for the previous n months.

The number of active listings is a “snapshot” of listings active on a single day (the 15th of the month). The number of months of sold listings, here, is 12.

The Sold to List Ratio chart displays the average ratio of sale price to original list price, and to list price, in percentage.

This ratio shows how the sale prices of properties compare to their original list prices and their list prices.

Numbers below 100% indicate that, on average, properties sold for less than their original list prices or their list prices. Numbers above 100% indicate that, on average, properties sold for more.

Note that not all listings experience a price change; for those listings, the two ratios are the same.

The ratio is calculated by dividing the sale price by the original list price and the sale price by the current list price.
Sale Price ÷ Original List Price
Sale Price ÷ List Price

The Days on Market chart displays the average number of days that sold listings were on the market.

The number for each month is the average days on market for all of the listings whose sale contracts were closed that month.

CDOM is Continuous Days On Market, the number of days from the listings begins date until it was sold.

If there were any days it was off the market (ex. temporarily withdrawn), then those days are subtracted.

If the property was taken off the market (but not sold) and was listed again within 30 days, then the days it was previously on the market are added to CDOM.

The Price Volume chart shows the total value of all listings for each status.

Active list volume is the total list price value for all listings that were active on the 15th of each month. It is a “snapshot” view of active listings, and a trend upward or downward can be established from month to month.

New list volume is the total list price value for all listings that were newly added to the market during each month.

Sold sale volume is the total sale price value of all the properties whose sales contracts were completed, or closed, during the month.

Written by Dawn Rupe

Dawn Rupersburg Broker Associate with Coral Shores Realty in Ocala FL. Selling Residential Real Estate in Ocala Florida, Belleview Florida, & Summerfield Florida. Call Dawn at 352-553-3369

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