Pinellas County Community Information | School District 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 59 , down 6.3 % from 63 days last month and down 11.9 % from 67 days in February of last year . The February 2018 DOM was at its lowest level compared with February of 2017 and 2016 .
Pinellas County Community Information | School District 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 59 , down 6.3 % from 63 days last month and down 11.9 % from 67 days in February of last year . The February 2018 DOM was at its lowest 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 $ 179 was up 1.2 % from $ 177 last month and up 7.7 % from 166 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 94.5 % was equal to 94.5 % last month and up from 94.3 % in February of last year .
Days On Market for Sold Properties
90 |
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80 |
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70 |
68 |
67 |
59 |
60 |
50 |
40 |
30 |
20 |
10 |
0 |
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M
A M J
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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 |
15 |
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16 |
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17 |
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18 |
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
96 % 95 % 94 % 93 % 92 % 91 %
142
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M
A M J
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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 |
15 |
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16 |
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17 |
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18 |
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166
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.4 %
94.3 %
3 Mo Avg
3 Mo Avg
179
94.5 %
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 February 2018 was 2,287 , down 7.4 % from 2,470 last month and down 1.3 % from 2,317 in February of last year .
90 % |
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A M J
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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 |
15 |
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16 |
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17 |
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18 |
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Inventory / New Listings / Sales |
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0
6,791 6,558 6,450 6,238 6,054 5,857 5,694 5,882 5,900 5,727 5,979 6,111 6,035 5,897 5,811 5,695 5,611 5,593 5,634
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M
A M J
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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 |
15 |
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16 |
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17 |
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18 |
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5,694 5,809 5,583 5,677 5,614 5,558 5,336 5,192 5,168 5,094 5,019 4,958 4,887 4,966 4,734 4,898 4,859
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