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 96 , up 4.3 % from 92 days last month and up 6.7 % from 90 days in April of last year . The April 2018 DOM was at a mid level compared with April of 2017 and 2016 .

Agent Name

Title

Phone Website Other

120

100

80

60

40

20

Days On Market for Sold Properties

81

90

3 Mo Avg

96

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 $ 253 was up 2.2 % from $ 247 last month and up 5.9 % from 239 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 4,422 , down 3.8 % from 4,595 last month and up 5.4 % from 4,196 in April of last year .

300 290 280 270 260 250 240 230 220 210 200

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 96 % original list price . The lower the ratio is below 100 % the more of 95 % a Buyer ' s market exists , a ratio at or above 100 % indicates more 95 % of a Seller ' s market . The April 2018 Selling Price vs Original

94 %

List Price of 93.2 % was up from 93.1 % last month and down from 93.4 % in April of last year .

94 % 93 % 93 % 92 % 92 %

239 239

Selling Price versus Listing Price Ratio

94.4 %

25,000

20,000

15,000

19,006 18,502 18,513 18,325 18,310 18,727

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

18,950

18,748 19,930 20,750 20,829 20,863

93.4 %

3 Mo Avg

20,789 20,791 20,725 20,666 20,812 20,942 21,267 20,578 21,391 21,496 21,568 21,265 21,187 20,931 21,094 21,127 20,652 21,420 21,119 20,437 21,115 21,403 21,227 20,611

253

93.2 %

10,000

5,000

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 | 101 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