Market Action Report March 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 March was 79 , up 3.9 % from 76 days last month and down 1.3 % from 80 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .

Agent Name

Title Phone Website Other

120

100

80

60

40

20

Days On Market for Sold Properties

72

3 Mo Avg

80 79

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 March 2018 Selling Price per Square Foot of $ 142 was up 2.4 % from $ 139 last month and up 6.2 % from 134 in March 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 March 2018 Selling Price vs Original List Price of 94.1 % was up from 93.6 % last month and up from 94.0 % in March of last year .

150 145 140 135 130 125 120 115 110 105 100

96 % 95 % 94 % 93 % 92 % 91 %

122

134

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

94.3 %

3 Mo Avg

142

94.0 % 94.1 %

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 March 2018 was 751 , up 6.7 % from 704 last month and up 9.8 % from 684 in March of last year .

3,000 2,500 2,000 1,500 1,000

2,089 1,902 1,778 1,712 1,642 1,634 1,702 1,815 1,918 2,114 2,233 2,269

2,115 1,988 1,914 1,849 1,820 1,842

1,983 2,175 2,232 2,399 2,441 2,359 2,236 2,099 1,997 1,842 1,766 1,751 1,861 1,972 2,018 2,209 2,217 2,171

500 0

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 d w e l l b a n k e r h o m e s . c o m | 45 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