Market Action Report May 2018 Agent Name
HILLSBOROUGH
County : Hillsborough
COUNTY
Title
Community Information | School District Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 145 , up 72.6 % from 84 days last month and up 30.6 % from 111 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .
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150
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Phone Website Other
Days On Market for Sold Properties
107 111
3 Mo Avg
145
50
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 $ 332 was up 9.2 % from $ 304 last month and down 4.8 % from 349 in May 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 May 2018 Selling Price vs Original List Price of 93.5 % was down from 94.2 % last month and up from 90.2 % in May of last year .
0
450 430 410 390 370 350 330 310 290 270 250
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
Inventory / New Listings / Sales |
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This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales . The graph
|
350 |
shows the basic annual seasonality of the market as well as the |
300 |
relationship between these items . The number of New Listings |
in May 2018 was 61 , down 22.8 % from 79 last month and down |
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6.2 % from 65 in May of last year . |
200 |
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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 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
366
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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 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
93.3 %
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 |
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16 |
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17 |
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Inventory / New Listings / Sales |
247 240 250 255 252 253
235
Avg Selling Price divided by Avg Listing Price for sold properties during the month
245 233 244 252 241 259 263 253 254 247 250 231 244
265 281 294
349
90.2 %
288 273 275 282 275 270 262 247 253
3 Mo Avg
267 284 283
332
93.5 %
288
150 100 50 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 |
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16 |
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17 |
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18 |
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con 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 REALT 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 .
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