Market Action Report March 2018 Agent Name
HILLSBOROUGH
County : Hillsborough
COUNTY
Title
Community Information | School District Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 March was 172 , up 7.5 % from 160 days last month and up 62.3 % from 106 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .
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150
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Phone Website Other
Days On Market for Sold Properties
194
106
3 Mo Avg
172
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 March 2018 Selling Price per Square Foot of $ 392 was up 13.4 % from $ 345 last month and up 31.4 % from 298 in March 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 March 2018 Selling Price vs Original List Price of 92.1 % was down from 92.8 % last month and up from 91.5 % in March of last year .
0
450 430 410 390 370 350 330 310 290 270 250
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
Inventory / New Listings / Sales |
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This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales . The graph
|
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shows the basic annual seasonality of the market as well as the |
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relationship between these items . The number of New Listings |
in March 2018 was 71 , up 16.4 % from 61 last month and up 1.4 % |
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from 70 in March of last year . |
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M J
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S O N D |
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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 |
15 |
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16 |
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17 |
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18 |
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Selling Price per Square Foot |
3 Mo Avg |
304
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M J
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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 |
15 |
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16 |
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17 |
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18 |
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Selling Price versus Listing Price Ratio
87.3 %
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A
M J
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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 |
15 |
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16 |
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17 |
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18 |
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Inventory / New Listings / Sales |
246 248 246 238 249 254 252
Avg Selling Price divided by Avg Listing Price for sold properties during the month
255 237 247 234 245 254 243 261 266 256 257 250 253 234 248
268
298
91.5 %
284 295 291 276 278 285 278 274 266
3 Mo Avg
251 255 268
392
92.1 %
284
150 100 50 0
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M J
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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 |
15 |
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16 |
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17 |
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18 |
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | 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 REALT 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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