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 61 , up 1.7 % from 60 days last month and down 26.5 % from 83 days in April of last year . The April 2018 DOM was at its lowest 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 $ 145 was down 3.7 % from $ 150 last month and down 1.7 % from 147 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 87 , down 2.2 % from 89 last month and down 47.6 % from 166 in April of last year .

Agent Name

Title

Phone Website Other

Days On Market for Sold Properties

200 190 180 170 160 150 140 130 120 110 100

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 97 % a Buyer ' s market exists , a ratio at or above 100 % indicates more 96 % of a Seller ' s market . The April 2018 Selling Price vs Original

95 %

List Price of 94.0 % was down from 94.7 % last month and down from 95.4 % in April of last year .

94 % 93 %

92 % 91 % 90 %

144

147

Selling Price versus Listing Price Ratio

94.3 %

700 600 500 400 300 200 100

594 590 561 553 555 558 547

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

524 540 560 607 617 607 613 612

562 515

465 497 468 463 466 474

95.4 %

462 471 459 458 473 451 460 446 427

3 Mo Avg

3 Mo Avg

431 437 429

145

94.0 %

427

0

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | 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 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 .

c o l d w e l l b a n k e r h o m e s . c o m | 97 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