Market Action Report February 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 February was 76 , down 1.3 % from 77 days last month and down 6.2 % from 81 days in February of last year . The February 2018 DOM was at a mid level compared with February of 2017 and 2016 .

Agent Name

Title Phone Website Other

120

100

80

60

40

20

Days On Market for Sold Properties

69

81

3 Mo Avg

76

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 February 2018 Selling Price per Square Foot of $ 139 was up 2.8 % from $ 135 last month and up 6.3 % from 131 in February 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 February 2018 Selling Price vs Original List Price of 93.6 % was down from 94.9 % last month and equal to 93.6 % in February of last year .

150 145 140 135 130 125 120 115 110 105 100

96 % 95 % 94 % 93 % 92 % 91 %

117

131

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

93.9 %

3 Mo Avg

139

93.6 % 93.6 %

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 February 2018 was 704 , down 14.3 % from 821 last month and up 3.4 % from 681 in February of last year .

3,000 2,500 2,000 1,500 1,000

2,226

2,089 1,902 1,778 1,712 1,642 1,634 1,702 1,815 1,918 2,114 2,233 2,269

2,115 1,988 1,914 1,849 1,820 1,842

1,983 2,175 2,232 2,399 2,441 2,359 2,236 2,099 1,997 1,842 1,766 1,751 1,860 1,969 2,013 2,194 2,180

500 0

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c o l d w e l l b a n k e r h o m e s . c o m | 45 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