Market Action Report April 2018

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 April was 73 , down 2.7 % from 75 days last month and up 2.8 % from 71 days in April of last year . The April 2018 DOM was at a mid level compared with April 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 April 2018 Selling Price per Square Foot of $ 172 was up 3.7 % from $ 165 last month and up 2.8 % from 167 in April of last year .

Agent Name

Title

Phone Website Other

Days On Market for Sold Properties

200 195 190 185 180 175 170 165 160 155 150

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 96 % original list price . The lower the ratio is below 100 % the more of

96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The April 2018 Selling Price vs Original 95 % List Price of 93.8 % was down from 94.0 % last month and down from 94.9 % in April of last year .

95 %

94 % 94 % 93 %

157

167

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

94.7 %

94.9 %

3 Mo Avg

3 Mo Avg

172

93.8 %

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 April 2018 was 2,206 , down 0.3 % from 2,212 last month and down 44.1 % from 3,947 in April of last year .

18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000

0

14,879 14,636 14,499 14,226 14,003 14,113 14,252 14,037

15,099 16,294 16,742 16,775 16,394 15,759

15,281

14,610 13,676 13,004 13,154

12,860 13,546 13,581 13,378 13,004 12,828 12,573 12,298 11,933 11,773 11,983 11,706 11,504 11,842 11,973 11,807 11,675

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | 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 REAL 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 .

c o l d w e l l b a n k e r h o m e s . c o m | 87 ciation of REALTORS , 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