FL ARCHIVED January 2018 | Page 49

Market Action Report January 2018 Manatee County County: Manatee 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 79, equal to 79 days last month and up 6.8% from 74 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 100 90 80 79 74 73 70 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 $186 was up 5.2% from $177 last month and up 4.3% from 178 in January of last year. 200 195 190 185 180 175 170 165 160 155 150 3 Mo Avg 186 178 161 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 94.0% was down from 94.4% last month and down from 94.1% in January of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 96% 95% 95% 94% 94% 93% 93% 92% 92% 91% 91% 95.0% 94.1% 94.0% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 2,000 2,500 3,000 3,500 4,000 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 1,300, up 68.4% from 772 last month and up 7.0% from 1,215 in January of last year. 1,500 1,000 500 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 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 dw el l b a n k er h o m es . c o m | 49