September 2018
MFRMLS - Condo/Co-op/TH
Presented by
BARB ULRICH
KELLER WILLIAMS GULFSIDE RLTY
Email: barb@barbulrichrealty.com
Work Phone: 727-251-1954
Mobile Phone: 727-251-1954
New Listings
3,128
-4.8%
39.1%
from Aug 2018:
3,284
from Sep 2017:
2,249
YTD
2018
2017
+/-
31,102
29,878
4.1%
5-year Sep average: 2,831
New Pendings
2,938
-10.5%
30.6%
from Aug 2018:
3,283
from Sep 2017:
2,250
YTD
2018
2017
+/-
31,789
30,775
3.3%
5-year Sep average: 2,744
Closed Sales
2,420
-17.2%
6.9%
from Aug 2018:
2,923
from Sep 2017:
2,263
YTD
2018
2017
+/-
25,657
24,691
3.9%
5-year Sep average: 2,355
Median
Sold Price
$166,500
0.9%
7.4%
from Aug 2018:
$165,000
from Sep 2017:
$155,000
YTD
2018
2017
+/-
$167,000 $152,000 9.9%
5-year Sep average: $140,226
Summary
In MFRMLS, the median sold price for Condo/Co-op/TH properties for
September was $166,500, representing an increase of 0.9%
compared to last month and an increase of 7.4% from Sep 2017. The
average days on market for units sold in September was 54 days,
21% below the 5-year September average of 69 days. There was a
10.5% month over month decrease in new contract activity with 2,938
New Pendings; a 1% MoM decrease in All Pendings (new contracts +
contracts carried over from August) to 3,901; and a 3.5% increase in
supply to 7,726 active units.
This activity resulted in a Contract Ratio of 0.50 pendings per active
listing, down from 0.53 in August and an increase from 0.48 in
September 2017. The Contract Ratio is 6% higher than the 5-year
September average of 0.47. A higher Contract Ratio signifies a
relative increase in contract activity compared to supply, and indicates
the market is moving in the seller's favor. A lower Contract Ratio
signifies a relative decrease in contract activity compared to supply,
and indicates the market is moving in the buyer's favor.
Active Listings
7,726
Min
7,713
Max
9,793
5-year Sep average
7,726
8,535
Aug 2018
Sep 2017
7,468
7,713
Avg DOM
54
Min
54
Max
81
5-year Sep average
54
69
Aug 2018
Sep 2017
YTD
53
59
58
Avg Sold to
OLP Ratio
95.0%
Min