Market Action Report March 2018 Agent Name

Title

Phone

Other Price Range : All | 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 March was 77 , up 16.7 % from 66 days last month and down 19.8 % from 96 days in March of last year . The March 2018 DOM was at its lowest level compared with March 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 March 2018 Selling Price per Square Foot of $ 240 was up 7.0 % from $ 224 last month and down 3.1 % from 248 in March 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 March 2018 Selling Price vs Original List Price of 94.9 % was up from 93.3 % last month and up from 93.9 % in March of last year .

140 120 100 80 60 40 20

Days On Market for Sold Properties

102

300 290 280 270 260 250 240 230 220 210 200

96 % 95 % 94 % 93 % 92 % 91 % 90 %

242

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

96

248

94.0 % 93.9 %

3 Mo Avg

3 Mo Avg

77

240

94.9 %

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 March 2018 was 186 , down 13.1 % from 214 last month and down 70.8 % from 637 in March of last year .

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

2,449 2,387 2,337 2,326 2,275 2,251 2,339 2,400 2,332

2,511 2,742 2,743 2,754 2,696 2,629 2,548 2,489 2,365 2,382 2,394 2,334 2,486 2,448 2,446 2,302 2,207 2,174 2,166 2,094 2,069 2,101 2,122 2,105 2,124 2,148 2,136

1,000 500

0

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 REALTORS 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 | 91 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