Market Action Report February 2018

Market Time

120 The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward

100 trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a

80

Seller ' s market . The DOM for February was 95 , down 2.1 % from 97 days last month and up 4.4 % from 91 days in February of last year . The February 2018 DOM was at a mid level compared with 60 February of 2017 and 2016 .

40

Agent Name

Title

Phone Website Other

20

Days On Market for Sold Properties

86

91

3 Mo Avg

95

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 $ 184 was down 9.7 % from $ 204 last month and down 8.3 % from 201 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 93.2 % was up from 92.4 % last month and up from 93.1 % in February of last year .

290 270 250 230 210 190 170 150

97 % 96 % 95 % 94 % 93 %

175

201

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

94.2 %

3 Mo Avg

184

93.1 % 93.2 %

92 % 91 %

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 304 , down 4.7 % from 319 last month and down 17.2 % from 367 in February of last year .

1,800 1,600 1,400 1,200 1,000 800 600 400 200

0

1,457

1,366 1,285 1,279 1,295 1,259 1,243 1,254 1,285 1,291

1,418 1,494 1,507 1,522 1,525 1,453 1,422 1,390 1,332

1,292 1,306 1,299 1,385 1,430 1,403 1,382 1,359 1,338 1,306 1,275 1,273 1,328 1,284 1,228 1,269 1,310

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 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 .

c o l d w e l l b a n k e r h o m e s . c o m | 93 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