FL ARCHIVED March 2018 | Page 42

PINELLAS COUNTY

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 163 , up 30.4 % from 125 days last month and up 17.3 % from 139 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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126
139
163
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 $ 427 was down 3.3 % from $ 441 last month and down 1.3 % from 432 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 91.1 % was up from 87.5 % last month and up from 89.9 % in March 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 March 2018 was 91 , up 7.1 % from 85 last month and up 40.0 % from 65 in March of last year .
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550 530 510 490 470 450 430 410 390 370 350
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
600 500 400 300
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Selling Price per Square Foot
3 Mo Avg
435 432
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.4 %
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Inventory / New Listings / Sales
402 392 398 390 364 357 417 423 404 412 429 439 456 436 443 438 435 440 462 475 479 509 534
89.9 %
508 503 478 474 455 433 430 446
472
3 Mo Avg
469 475 478
427
91.1 %
482
200 100
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