MARCO ISLAND
Community Information | School District
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 207 , up 2.5 % from 202 days last month and up 63.0 % from 127 days in May of last year . The May 2018 DOM was at a mid level compared with May 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 May 2018 Selling Price per Square Foot of $ 638 was up 8.6 % from $ 588 last month and up 25.0 % from 511 in May of last year .
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700 650 600 550 500 450
Days On Market for Sold Properties
205
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Selling Price per Square Foot |
3 Mo Avg |
492
127
511
3 Mo Avg
207
638
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 86.1 % was down from 86.6 % last month and down from 89.8 % in May of last year .
400
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.0 % 89.8 %
3 Mo Avg
86.1 %
40 % 20 %
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 19 , down 38.7 % from 31 last month and down 17.4 % from 23 in May of last year .
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Inventory / New Listings / Sales |
350 300 250 200 150
204 198 191 193 191 221 225 253 265
291 267
251 233 226 226 228 235 253 250 251 259 250 240 220 208 210 214 211 199 199 195 197 195 206 198 190
100 50 0
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