FL ARCHIVED April 2018 | Page 42

PINELLAS COUNTY

Community Information | School District
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 101 , down 38.0 % from 163 days last month and down 15.1 % from 119 days in April of last year . The April 2018 DOM was at its lowest level compared with April of 2017 and 2016 .
250
200
150
100
Days On Market for Sold Properties
152
119
3 Mo Avg
101
50
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 $ 415 was down 2.7 % from $ 427 last month and down 11.9 % from 471 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 77 , down 15.4 % from 91 last month and down 2.5 % from 79 in April of last year .
0
550 530 510 490 470 450 430 410 390 370 350
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
98 %
original list price . The lower the ratio is below 100 % the more of
96 %
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
94 %
List Price of 89.9 % was down from 91.1 % last month and down
92 %
from 90.6 % in April of last year .
90 %
88 % 86 % 84 % 82 %
600 500 400 300
M
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
404
M
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A
15
16
17
18
Selling Price versus Listing Price Ratio
87.9 %
M
J
J
A S O N D
J
F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A
15
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Inventory / New Listings / Sales
393 399 391 366 358 418 423
Avg Selling Price divided by Avg Listing Price for sold properties during the month
405 412 430 440 454 434 441 437 434 439 462 475 479
509 534
509
471
90.6 %
504 478 473 454 432 429 445 471 467
3 Mo Avg
474 477 481
415
89.9 %
479
200 100
0
M
J
J
A S O N D
J
F M A M J
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A S O N D
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F M A M J
J
A S O N D
J
F M A
15
16
17
18
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