Market Action Report March 2018

Market Time

250 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 200 Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for March was 151 , down 6.2 % from

150

161 days last month and up 19.8 % from 126 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .

100

Agent Name

Title

Phone Website Other

Days On Market for Sold Properties

88

126

3 Mo Avg

151

50

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 $ 425 was up 5.4 % from $ 403 last month and down 13.6 % from 492 in March of last year .

0

600 550 500 450 400 350

491 492

425

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 90.2 % was up from 84.0 % last month and up from 90.0 % in March of last year .

300

120 % 100 % 80 % 60 %

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

3 Mo Avg

89.9 % 90.0 % 90.2 %

40 % 20 %

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 20 , up 5.3 % from 19 last month and down 9.1 % from 22 in March of last year .

200 180 160 140 120 100 80 60 40 20 0

163 155 151 153 158 162 165 172

155 174 167 171 155 153 157 153 143 142 141 147 142 149 148 144 138 141 139 136 143 136 136 129 129 128 130 125

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 | 105 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