FL ARCHIVED March 2018 | Page 66

Community Information | School District
Market Action Report March 2018

City : St Petersburg Price Range : All | Properties : SFH - Con

Market Time
80
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
70
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
60
Seller ' s market . The DOM for March was 52 , down 3.7 % from 54
50
days last month and up 2.0 % from 51 days in March of last year .
The March 2018 DOM was at a mid level compared with March
40
of 2017 and 2016 .
30
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 March 2018 Selling Price per Square Foot of $ 181 was down 0.3 % from $ 182 last month and up 8.2 % from 168 in March 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 March 2018 Selling Price vs Original List Price of 93.9 % was down from 94.4 % last month and down from 94.0 % in March 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 March 2018 was 801 , up 13.6 % from 705 last month and down 0.7 % from 807 in March of last year .

St . Petersburg

Agent Name
Title Phone Website Other

Community Information | School District

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
20 10
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 .
55 51 52
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
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
97 % 96 % 95 % 94 % 93 % 92 %
144
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
94.6 %
168
181
94.0 % 93.9 %
91 %
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
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
1,757 1,710 1,642 1,625 1,602 1,590
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,604 1,629 1,587 1,588 1,633 1,588 1,546 1,463 1,520
1,208
1,321 1,426 1,499
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
1,554 1,526 1,608 1,597 1,530 1,480 1,414 1,425 1,439 1,440 1,431 1,404 1,449
3 Mo Avg
3 Mo Avg
1,352 1,402 1,403 1,369
34 | c o l d w e l l b a n k e r h o m e s . c o m