FL ARCHIVED February 2018 | Page 96

Community Information | School District
Market Action Report February 2018

County : Manatee Price Range : All | Properties : SFH - Con

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 81 , up 2.5 % from 79 days last month and equal to 81 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 $ 185 was down 0.6 % from $ 186 last month and up 10.8 % from 167 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 94.1 % was up from 94.0 % last month and down from 94.2 % in February of last year .

Manatee

Agent Name

County

Title Phone Website Other

Community Information | School District

Days On Market for Sold Properties
90
81
81
80
70
70
60
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
200 195 190 185 180 175 170 165 160 155 150
96 % 95 % 95 % 94 % 94 % 93 % 93 %
158
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
167
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.2 % 94.2 %
3 Mo Avg
3 Mo Avg
185
94.1 %
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 1,177 , down 9.7 % from 1,304 last month and up 9.1 % from 1,079 in February of last year .
92 %
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
4,000 3,500 3,000 2,500 2,000 1,500 1,000
500 0
3,159
2,964 2,734 2,698 2,631 2,539 2,618 2,732 2,860 2,924
3,278 3,464 3,430 3,383 3,175 3,117 2,980 2,877 2,889
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
3,106 3,282 3,295 3,595 3,655 3,690 3,524 3,417 3,318 3,235 3,152 3,013 3,123 3,233 3,240 3,426 3,474
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 | 49 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