FL ARCHIVED May 2018 | Page 120

Market Action Report
May 2018
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,999,000
5%
City: Boca Raton
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
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 May was 186, up 50.0% from 124
days last month and down 3.6% from 193 days in May of last
year. The May 2018 DOM was at a mid level compared with May
of 2017 and 2016.
50
30 40
20 450
30
10 350
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
400
500
600
700
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
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in May 2018 was 68, down 26.1% from 92 last month and down
2.9% from 70 in May of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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
15
16
17
18
700
45.0
40.0
600
35.0
Total
Inventory
&
Month's
Supply
of
Inventory
(MSI)
500
30.0
400
700
45.0
25.0
40.0
20.0
300
600
35.0
15.0
200
500
30.0
10.0
100
400
25.0
5.0
20.0
0.0
300 0
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 15.0
200
10.0
15
16
17
18
100
5.0
0.0
0
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
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
87.0%
86.7%
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
15
16
17
18
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
15
16
17
18
86.7%
3 Mo Avg
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
Median Sales Price and Average Sales Price
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,900
2,700
3,300
2,500
3,100
2,300
2,900
2,100
2,700
1,900
2,500
1,700
2,300
1,500
2,100
1,300
1,900
1,700
1,500
1,300
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 May 2018 Selling Price vs Original List
Price of 87.0% was down from 88.1% last month and up from
86.7% in May of last year.
3 Mo Avg
3,300 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
16
17
18
3,100 15
465
423
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
15
16
17
18
13
Median Sales Price and Average Sales Price
36
0
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
15
16
17
18
3 Mo Avg
478
3 Mo Avg
Number of Properties Sold
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
Inventory & MSI
The Total Inventory of Properties available for sale as of May
was 548, down 5.4% from 579 last month and up 0.6% from 545
in May of last year. May 2018 Inventory was at a mid level
Inventory
& MSI
compared with
May of 2017 and 2016.
The Total Inventory of Properties available for sale as of May
was 548, down 5.4% from 579 last month and up 0.6% from 545
in May of last year. May 2018 Inventory was at a mid level
A comparatively
lower
MSI and
is more
beneficial for sellers while a
compared
with May
of 2017
2016.
higher MSI is better for buyers. The May 2018 MSI of 10.7
months was at its lowest level compared with May of 2017 and
2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The May 2018 MSI of 10.7
months was at its lowest level compared with May of 2017 and
2016.
100
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
15
16
17
18
60
40
Prices
150
0
60
10
186
164
50
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
20
0
193
200
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
850
A