Market Action Report May 2018 Agent Name
CHARLOTTE
County : Charlotte
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 164 , up 134.3 % from 70 days last month and up 107.6 % from 79 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 $ 451 was up 54.2 % from $ 292 last month and up 57.4 % from 286 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 87.2 % was down from 91.0 % last month and down from 90.6 % in May of last year .
1,200
1,000
800
600
400
200
Phone Website Other
Days On Market for Sold Properties
278
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
-200 15 16
17 18
Selling Price per Square Foot
3 Mo Avg
650 600 550 500 450 400 350 300 250 200 150
120 % 100 % 80 % 60 % 40 % 20 %
352
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 |
|
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|
|
17 |
|
|
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|
18 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
79
286
90.8 % 90.6 %
3 Mo Avg
3 Mo Avg
164
451
87.2 %
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 9 , up 50.0 % from 6 last month and up 80.0 % from 5 in May of last year .
70 60 50 40 30
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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Inventory / New Listings / Sales |
53
50
45 45 46 46 47
51 56 57
54 51 51
45
42 46 48
53
56 60 61
63
57
55 52 51 49 47 48 46 47 49 47 54 53 54
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 |
|
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|
16 |
|
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|
|
17 |
|
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|
18 |
|
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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