Market Action Report April 2018

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 90 , down 19.6 % from 112 days last month and down 22.4 % from 116 days in April of last year . The April 2018 DOM was at a mid level compared with April of 2017 and 2016 .

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 2018 Selling Price per Square Foot of $ 207 was up 6.4 % from $ 195 last month and up 16.0 % from 179 in April 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 April 2018 Selling Price vs Original List Price of 93.5 % was up from 92.2 % last month and up from 91.5 % in April 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 April 2018 was 75 , down 21.9 % from 96 last month and down 9.6 % from 83 in April of last year .

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160 140 120 100 80 60 40 20

Days On Market for Sold Properties

Selling Price versus Listing Price Ratio

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 REAL 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 .

74

250 240 230 220 210 200 190 180 170 160 150

98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

500 450 400 350 300 250 200 150 100 50 0

116

178 179

214 213 215 217 216 238 248

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

235 301

322 348

93.4 %

358 356 345 314 305 307

347 370 373 413 431 449

91.5 %

414 409 400 402 384 355 347 368 367

3 Mo Avg

3 Mo Avg

388 376 360

90

207

93.5 %

338

c o l d w e l l b a n k e r h o m e s . c o m | 53 ciation of REALTORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may