FL ARCHIVED April 2016 | Page 12

Market Action Report

April 2016

Tampa

City: Tampa

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
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 April was 138, down 30.7% from
199 days last month and up 112.3% from 65 days in April of last
year. The April 2016 DOM was at a mid level compared with
April of 2015 and 2014.

3 Mo Avg

300
250
200
138

150
87

100

65

50
0
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Selling Price per Square Foot

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 April 2016 Selling Price per Square Foot of $364 was up
14.1% from $319 last month and up 19.3% from 305 in April of
last year.

450
430
410
390
370
350
330
310
290
270
250

3 Mo Avg

364

318

305

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Selling Price versus Listing Price Ratio

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 April 2016 Selling Price vs Original List
Price of 90.9% was up from 86.5% last month and down from
92.4% in April of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

98%
96%
94%

92.4%

92%

90.9%

89.8%

90%
88%
86%
84%
82%
80%

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189

175

170

165

172

162

177

172

170

162

174

172

174
152

152

148

142

141

139

138

138

150

146

144

140

135

128

128

116

149

144

141

142

140

138

200
180
160
140
120
100
80
60
40
20
0

174

Inventory / New Listings / Sales

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 April 2016 was 39, down 13.3% from 45 last month and up
18.2% from 33 in April of last year.

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con

Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTO
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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