Market Action Report to include key Statistics for Clermont FL comparing December 2017 to December 2016.

This summary report will show you the Clermont FL Real Estate Market is very hot with an increase of 10.5% in sales. The average sale price is up by 12% when compared to last year. The total inventory of properties for sale is down by 150 homes form last year and the days on market was down almost 10%. The selling price per square foot of $127 was up 10.4% from 115 in December of last year.

Here is a summary of Key Facts at a glance for Clermont FL | December 2017 vs December 2016

–December YTD sales of 1,971 are running 10.5% ahead of last year’s year-to-date sales of 1,784

–The Average Sales Price in December was $258,924, up 12.0% from $231,224 in December of 2016

–The Total Inventory of Properties available for sale as of December was 367, and down -29.0% from 517 in December of last year

–The DOM for December was 58, down -9.4% from 64 days in December of last year

–The December 2017 Selling Price per Square Foot of $127 was up 10.4% from $115 in December of last year

–The number of New Listings in December 2017 was 132, down from 144 in December of last year

–The number of New Listings in December 2017 was 139, down -8.6% from 152 in December of last year

Here is a link to the Full Market Report: Market Action Report December 2017 vs December 2016

Market Profile & Trends Overview	Month	LM	L3M	PYM	LY	YTD	PriorYTD	PriorYear
Median List Price of all Current Listings	$288,500	3%		11%
Average List Price of all Current Listings	$339,396	2%		10%
December Median Sales Price	$260,000	6%	4%	16%	16%	$240,000	7%	7%
December Average Sales Price	$258,924	-3%	-1%	12%	10%	$256,155	8%	9%
Total Properties Currently for Sale (Inventory)	367	-8%		-29%
December Number of Properties Sold	161	5%		-1%		1,971	11%
December Average Days on Market (Solds)	58	-3%	0%	-9%	-9%	59	-8%	-8%
Asking Price per Square Foot (based on New Listings)	$134	2%	1%	11%	11%	$130	8%	7%
December Sold Price per Square Foot	$127	2%	2%	10%	11%	$122	7%	7%
December Month’s Supply of Inventory	2.3	-12%	-8%	-28%	-38%	2.9	-20%	-20%
December Sale Price vs List Price Ratio	96.5%	-0.2%	0%	1%	0.8%	96.0%	0.2%	0.3%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

December Property sales were 161, down -1.2% from 163 in December of 2016 and 4.5% higher than the 154 sales last month. December 2017 sales were at a mid level compared to December of 2016 and 2015. December YTD sales of 1,971 are running 10.5% ahead of last year’s year-to-date sales of 1,784.

Prices

The Median Sales Price in December was $260,000, up 15.6% from $225,000 in December of 2016 and up 5.5% from $246,360 last month. The Average Sales Price in December was $258,924, up 12.0% from $231,224 in December of 2016 and down -3.2% from $267,534 last month. December 2017 ASP was at highest level compared to December of 2016 and 2015.

Inventory & MSI

The Total Inventory of Properties available for sale as of December was 367, down -7.6% from 397 last month and down -29.0% from 517 in December of last year. December 2017 Inventory was at the lowest level compared to December of 2016 and 2015.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2017 MSI of 2.3 months was at its lowest level compared with December of 2016 and 2015.

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 December was 58, down -3.3% from 60 days last month and down -9.4% from 64 days in December of last year. The December 2017 DOM was at its lowest level compared with December of 2016 and 2015.

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 December 2017 Selling Price per Square Foot of $127 was up 1.6% from $125 last month and up 10.4% from $115 in December of last year.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 December 2017 Selling Price vs List Price of 96.5% was down from 96.7% last month and up from 95.4% in December 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 December 2017 was 139, down -19.7% from 173 last month and down -8.6% from 152 in December of last year.