FL ARCHIVED January 2018 | Page 10

Hillsborough County Market Action Report County: Hillsborough January 2018 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 January was 58, up 5.5% from 55 days last month and up 5.5% from 55 days in January of last year. The January 2018 DOM was at a mid level compared with January of 2017 and 2016. 3 Mo Avg 90 80 67 70 58 55 60 50 40 30 20 10 0 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 M J J A S O N D J 15 16 17 18 Selling Price per Square Foot 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 January 2018 Selling Price per Square Foot of $138 was down 1.1% from $139 last month and up 10.0% from 125 in January of last year. 150 145 140 135 130 125 120 115 110 105 100 3 Mo Avg 138 125 115 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 M J J A S O N D J 15 16 17 18 Selling Price versus Listing Price Ratio 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 January 2018 Selling Price vs Original List Price of 95.5% was down from 95.8% last month and down from 95.6% in January of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 97% 95.6% 96% 95.5% 94.7% 95% 94% 93% 92% 91% 90% 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 M J J A S O N D J 15 16 17 18 Inventory / New Listings / Sales Inventory / New Listings / Sales 4,000 5,000 6,000 7,000 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 January 2018 was 2,542, up 46.9% from 1,731 last month and up 4.5% from 2,433 in January of last year. 3,000 2,000 1,000 0 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 M J J A S O N D J 15 16 17 18 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 REALTOR 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. 10 | c o l d w e l l b a n k e r h o m e s . c o m