FL ARCHIVED February 2018 | Page 18

Community Information | School District Website Other
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 58 , equal to 58 days last month and down 1.7 % from 59 days in February of last year . The February 2018 DOM was at its lowest 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 $ 140 was up 1.4 % from $ 138 last month and up 9.1 % from 128 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 96.0 % was up from 95.5 % last month and up from 95.8 % in February of last year .

Hillsborough Agent Name County

Market Action Report February 2018

County : Hillsborough

Price Range : All | Properties : SFH - Con
Title Phone

Community Information | School District Website Other

Days On Market for Sold Properties
90
80
70
70
60
59
58
50
40
30
20
10
0
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 A M J
J
A
S O N D
J
F
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 %
3,000 2,000 1,000
114
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 A M J
J
A
S O N D
J
F
15
16
17
18
6,565
128
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
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 A M J
J
A S O N D
J
F
15
16
17
18
Inventory / New Listings / Sales
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
7,000
shows the basic annual seasonality of the market as well as the
6,000
relationship between these items . The number of New Listings
in February 2018 was 2,414 , down 5.0 % from 2,542 last month
5,000
and up 0.7 % from 2,398 in February of last year .
4,000
94.7 %
6,578 6,578 6,612 6,348 6,122 5,986 5,978 5,910 5,570 5,596 5,605 5,702 5,645 5,743 5,814 5,866 5,835 5,788 5,749 5,746 5,470 5,571 5,550 5,560 5,492 5,626 5,699 5,630 5,553 5,377 5,160 5,009 4,757 4,897 4,730
95.8 %
3 Mo Avg
3 Mo Avg
140
96.0 %
0
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 A M J
J
A S O N D
J
F
15
16
17
18
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 REALTOR 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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