Market Action Report May 2018 Agent Name

Title

Community Information | School District Price Range : $ 1,000,000 and Up | Properties : SFH - Con

Market Time

250 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 200 Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for May was 169 , down 8.6 % from 185

150 days last month and down 4.0 % from 176 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .

100

Phone Website Other

Days On Market for Sold Properties

139

176

3 Mo Avg

169

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 $ 711 was up 5.6 % from $ 673 last month and up 3.5 % from 687 in May of last year .

0

800

750

700

650

642

687

711

600

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 85.9 % was down from 87.0 % last month and down from 86.8 % in May 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 May 2018 was 676 , up 9.4 % from 618 last month and up 10.3 % from 613 in May of last year .

550

94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %

Selling Price versus Listing Price Ratio

88.9 %

5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000

500

0

2,860 2,880 2,944 3,042 3,180 3,313

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3,391

3,696 3,940 4,039 4,110 4,085 4,068 4,005 3,957 3,975 3,958 4,083 3,992

4,157 4,214 4,330 4,304

86.8 %

4,287 4,243 4,260 4,257 4,158 4,275 4,276 4,214 4,371

3 Mo Avg

4,492 4,564 4,521

85.9 %

4,570

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 . LTORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may not reflect all relevant real esta

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