Market Action Report February 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 February was 105 , up 9.4 % from 96 days last month and down 30.0 % from 150 days in February of last year . The February 2018 DOM was at a mid level compared with February 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 February 2018 Selling Price per Square Foot of $ 200 was up 7.5 % from $ 186 last month and down 0.8 % from 202 in February 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 February 2018 Selling Price vs Original List Price of 94.0 % was up from 93.8 % last month and up from 91.6 % in February 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 February 2018 was 106 , down 4.5 % from 111 last month and up 3.9 % from 102 in February of last year .

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160 140 120 100 80 60 40 20

Days On Market for Sold Properties

Selling Price versus Listing Price Ratio

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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250 240 230 220 210 200 190 180 170 160 150

98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %

500 450 400 350 300 250 200 150 100 50 0

188

150

105

202 200

258

239 211 210 211 213 212

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

234 244 230

296

95.5 %

318 344 355 353 343 312 303 303

342 365 368

91.6 %

408 422 438 405 394 381 378 361

3 Mo Avg

3 Mo Avg

94.0 %

333

333 356 353 376 359

c o l d w e l l b a n k e r h o m e s . c o m | 53 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