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 153 , up 6.3 % from 144 days last month and down 6.1 % from 163 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 $ 233 was down 9.1 % from $ 257 last month and down 5.0 % from 245 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 88.6 % was down from 89.1 % last month and up from 87.6 % 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 230 , down 3.0 % from 237 last month and down 0.9 % from 232 in April of last year .

Agent Name

Title

Phone Website Other

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con

Days On Market for Sold Properties

300 290 280 270 260 250 240 230 220 210 200

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 % 84 %

1,800 1,600 1,400 1,200 1,000 800 600 400 200

0

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 .

260

1,253 1,267 1,237 1,229 1,232 1,283

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

1,354

1,356 1,451 1,478 1,520

90.3 %

1,546 1,567 1,577 1,553 1,559 1,577 1,571 1,608 1,575 1,689 1,691 1,696

245

87.6 %

1,685 1,669 1,633 1,614 1,601 1,572 1,632 1,611 1,571

3 Mo Avg

3 Mo Avg

1,591 1,636 1,640

233

88.6 %

1,596

c o l d w e l l b a n k e r h o m e s . c o m | 103 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