FL ARCHIVED March 2018 | Page 184

Community Information | School District
Market Action Report March 2018

City : Hollywood 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 75 , down 21.1 % from 95 days last month and up 2.7 % from 73 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .
Agent Name

Hollywood

Title
Phone Website Other

Community Information | School District

120
100
80
60
40
20
Days On Market for Sold Properties
77
3 Mo Avg
73 75
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 $ 186 was up 1.0 % from $ 185 last month and up 1.8 % from 183 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 92.9 % was down from 93.0 % last month and down from 94.4 % in March of last year .
0
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 J
J
A
S O N D
J
F M
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
290 270 250 230 210 190 170 150
97 % 96 % 95 % 94 % 93 %
175
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 J
J
A
S O N D
J
F M
15
16
17
18
183
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.5 % 94.4 %
3 Mo Avg
186
92.9 %
92 % 91 %
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 312 , up 1.0 % from 309 last month and down 15.0 % from 367 in March of last year .
90 %
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 J
J
A S O N D
J
F M
15
16
17
18
Inventory / New Listings / Sales
1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
1,366 1,285 1,279 1,295 1,259 1,243 1,254 1,285 1,291
1,418 1,494 1,507 1,522 1,525 1,453 1,422 1,390 1,332 1,292
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 J
J
A S O N D
J
F M
15
16
17
18
1,306
1,299 1,385 1,430 1,403 1,382 1,360 1,340 1,308 1,277 1,276 1,331 1,289 1,236 1,284 1,339 1,338
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 .
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