FL ARCHIVED March 2018 | Page 48

Market Action Report
Manatee County
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
March 2018
Community Information | School District
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$189 3% 3% 11% 7%
$187
9%
6%
3.9 -28% -25% -12% -19%
5.1 -10%
7%
of 94.0%
Properties
93.9% -.2% -.2% -.7% Number
-.4%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
3 Mo Avg
1,000
3 Mo Avg
800
700
800 600
700 500
600 400
500 300
3 Mo Avg
93.9%
94%
93%
93%
92%
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 M
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
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 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 M
15
16
17
18
15
16
17
.
Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l d Residential
w e l Real
l b Estate
a n / k
e r Banker
h o United,
mes
c o | Price
m
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2,000
2,500
3,000
3,500
4,000
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 March 2018 was 1,215, up 3.1% from 1,179 last month and up
1.3% from 1,200 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
0
94.6%
94.4%
95%
94%
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 M
18
Inventory & MSI
48 | c
585
18
16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M
15
16
17
18
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
4,000
was Total
3,466,
down 2.5%
from 3,554
last month
and
6.1%
The
Inventory
of Properties
available
for sale
as down
of March
4,000 3,500
from
3,690
in March
of last
year.
Inventory
was
3,466,
down
2.5% from
3,554
last March
month 2018
and down
6.1% was at
from
3,690
March of last
March
2018 and
Inventory
a mid
level in compared
with year.
March
of 2017
2016. was at 3,500 3,000
a mid level compared with March of 2017 and 2016.
3,000 2,500
2,500 2,000
2,000 1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
1,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2018
MSI
of 3.9
1,000
higher
MSI
is better
for buyers.
March 2018
MSI of of
3.9 2017 and
500
months
was
at its lowest
level The
compared
with March
500
months
0
2016. was at its lowest level compared with March of 2017 and
2016.
790
870
724
17
95%
340
320
300
280
260
240
220
200
16
Median Sales Price and Average Sales Price
96%
$368,126 last month. March 2018 ASP was at the highest level
compared to March of 2017 and 2016.
15
400
380
360
340
320
300
280
260
240
220
200
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
The Median Sales Price in March was $268,000, up 0.4% from
Prices
$267,000 in March of 2017 and down 4.8% from $281,543 last
The
Median
Sales
Price Sales
in March
was
0.4% from
month.
The
Average
Price
in $268,000,
March was up
$358,747,
up
400
$267,000
in March
of 2017
and down
4.8% and
from
$281,543
last
10.5% from
$324,561
in March
of 2017
down
2.5% from
month.
The last
Average
Sales
Price 2018
in March
up level 380
$368,126
month.
March
ASP was
was $358,747,
at the highest
360
10.5%
from $324,561
of 2017
and down 2.5% from
compared
to March in
of March
2017 and
2016.
Selling Price versus Listing Price Ratio
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 March 2018 Selling Price vs Original
List Price of 93.9% was down from 94.1% last month and down
from 94.6% in March of last year.
Prices
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 M
15
16
17
18
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
0
100
171
169
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 M
15
16
17
18
400 200
300 100
200
3 Mo Avg
189
2018 sales were at their highest level compared to March