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 155 , up 16.5 % from 133 days last month and up 29.2 % from 120 days in February of last year . The February 2018 DOM was at a mid level compared with February 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 February 2018 Selling Price per Square Foot of $ 247 was down 4.4 % from $ 258 last month and down 3.0 % from 254 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 89.8 % was up from 89.0 % last month and up from 89.1 % in February of last year .

Agent Name

Title

Phone Website Other

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con

Days On Market for Sold Properties

300 290 280 270 260 250 240 230 220 210 200

95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 % 84 %

800 600 400 200

0

Selling Price versus Listing Price Ratio

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 .

261

1,258 1,246 1,254 1,268 1,238 1,230

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

1,233 1,284 1,355 1,357

1,452

89.7 %

1,479 1,521 1,547 1,570 1,580 1,556 1,562 1,580 1,574 1,611 1,579

1,693

254

89.1 %

1,694 1,699 1,689 1,673 1,638 1,619 1,605 1,574 1,632

3 Mo Avg

3 Mo Avg

1,611 1,572 1,591

247

89.8 %

1,626

c o l d w e l l b a n k e r h o m e s . c o m | 103 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