FL ARCHIVED February 2016 | Page 22

Market Action Report

County: Pinellas

Pinellas County

February 2016

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | 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 February was 68, up 1.5% from 67
days last month and down 9.3% from 75 days in February of last
year. The February 2016 DOM was at its lowest level compared
with February of 2015 and 2014.

90

3 Mo Avg

83
75

80

68

70
60
50
40
30
20
10
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 February 2016 Selling Price per Square Foot of $142 was up
0.1% from $142 last month and up 14.2% from 125 in February of
last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg
142

125
118

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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 February 2016 Selling Price vs Original
List Price of 93.4% was equal to 93.4% last month and up from
91.9% in February of last year.

3 Mo Avg

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

95%
94%

93.4%

93%
91.9%

92%
90.7%

91%
90%
89%
88%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

9,000

6,595

5,956

5,829

5,645

5,812

5,627

5,993

5,788

6,394

6,177

6,744

6,504

6,974

6,872

6,900

7,051

7,042

6,942

4,000

6,903

7,050

6,964

7,404

7,238

7,675

7,467

7,591

7,326

7,321

6,790

6,560

6,410

6,431

5,000

6,372

6,000

6,803

7,000

7,149

8,000
6,639

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 February 2016 was 2,523, up 1.7% from 2,481 last month and
up 9.9% from 2,295 in February of last year.

3,000
2,000
1,000
0
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Copyright © Coldwell Banker | Price Range: All | 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 REALTORS
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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