FL ARCHIVED May 2018 | Page 150

Market Action Report
May 2018
3 Mo Avg
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
95%
90%
87.9%
85.2%
85%
80%
75%
70%
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
Inventory / New Listings / Sales
Inventory / New Listings / Sales
80
30
40
50
60
20
10
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
The Total Inventory of Properties available for sale as of May
was 291, down 9.9% from 323 last month and down 13.4% from
336 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 291, down 9.9% from 323 last month and down 13.4% from
336 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 12.1
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 12.1
months was at its lowest level compared with May of 2017 and
2016.
1,200
400
350
300
250
400
200
350
150
300
100
250
50
200
0
150
100
50
0
Median Sales Price and Average Sales Price
Prices
0
3 Mo Avg
The Median Sales Price in May was $1,547,500, up 18.6% from
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
$1,305,000 in May of 2017 and down 9.5% from $1,710,000
4,200 15
16
17
18
last month. The Average Sales Price in May was $1,858,333,
Median
Sales
Price
and
Average
Sales
Price
Prices
3,700
down 46.3% from $3,462,031 in May of 2017 and down 31.7%
3 Mo Avg
The
Median
Sales Price
in May May
was 2018
$1,547,500,
up at 18.6%
from
$2,720,385
last month.
ASP was
a mid from
range
3,200
$1,305,000
in May
May of
of 2017
2017 and
and 2016.
down 9.5% from $1,710,000
compared to
4,200
last month. The Average Sales Price in May was $1,858,333,
2,700
3,700
down 46.3% from $3,462,031 in May of 2017 and down 31.7%
from $2,720,385 last month. May 2018 ASP was at a mid range 2,200
3,200
compared to May of 2017 and 2016.
1,700
2,700
1,200
2,200
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
1,700 15
Inventory & MSI
70
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 6, up 20.0% from 5 last month and up 200.0%
from 2 in May of last year.
100%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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 87.9% was down from 88.1% last month and up from
85.2% in May of last year.
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
283
347
3 Mo Avg
40
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
May Property sales were 24, up 50.0% from 16 in May of 2017
35
and 7.7% lower than the 26 sales last month. May 2018 sales
3 Mo Avg
Number of Properties Sold
were at their highest level compared to May of 2017 and 2016.
30
Property
Sales
May YTD sales
of 114 are running 28.1% ahead of last year's year- 40
May
Property
sales
to-date
sales of
89. were 24, up 50.0% from 16 in May of 2017
25
35
and 7.7% lower than the 26 sales last month. May 2018 sales
20
were at their highest level compared to May of 2017 and 2016.
30
May YTD sales of 114 are running 28.1%