FL ARCHIVED April 2018 | Page 42

Pinellas County Community Information | School District

Pinellas County Community Information | School District

Market Time
80
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
70
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
60
Seller ' s market . The DOM for April was 54 , down 5.3 % from 57
50
days last month and down 11.5 % from 61 days in April of last year . The April 2018 DOM was at its lowest level compared with
40
April of 2017 and 2016 .
30
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 $ 186 was up 3.7 % from $ 180 last month and up 9.1 % from 171 in April of last year .
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 2,400 , down 7.6 % from 2,596 last month and down 0.9 % from 2,423 in April of last year .
20 10
Days On Market for Sold Properties
61 61
0
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 A
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
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 94.8 % was up from 94.6 % last month and equal to
95 %
94.8 % in April of last year .
94 %
94 % 93 % 93 %
150
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 A
15
16
17
18
171
Selling Price versus Listing Price Ratio
94.4 %
54
186
94.8 % 94.8 %
92 %
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 A
15
16
17
18
Inventory / New Listings / Sales
7,000 6,000 5,000 4,000 3,000 2,000 1,000
6,557 6,350 6,157 5,956 5,789 5,963
Avg Selling Price divided by Avg Listing Price for sold properties during the month
5,975 5,815 6,063 6,187 6,108 5,961 5,870 5,747 5,663 5,656 5,704 5,784 5,913 5,711 5,837 5,832 5,826 5,606 5,433 5,441 5,359 5,279 5,189 5,105 5,195 4,959
3 Mo Avg
3 Mo Avg
5,124 5,178 5,040
4,719
0 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 A
22 | c o l d w e l l b a n k e r h o m e s . c o m