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<p>May 2018 33785 - 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 27 -10.0% -20.6% from Apr 2018: 30 from May 2017: 34 YTD 2018 2017 +/- 152 152 0.0% 5-year May average: 30 New Pendings 34 6.3% 21.4% from Apr 2018: 32 from May 2017: 28 YTD 2018 2017 +/- 153 158 -3.2% 5-year May average: 30 Closed Sales 30 -9.1% 20.0% from Apr 2018: 33 from May 2017: 25 YTD 2018 2017 +/- 127 152 -16.4% 5-year May average: 27 Median Sold Price $402,500 -15.3% -15.3% from Apr 2018: $475,000 from May 2017: $475,000 YTD 2018 2017 +/- $470,000 $470,000 0.0% 5-year May average: $363,500 Summary In 33785, the median sold price for Condo/Co-op/TH properties for May was $402,500, representing a decrease of 15.3% compared to last month and a decrease of 15.3% from May 2017. The average days on market for units sold in May was 73 days, 23% below the 5- year May average of 94 days. There was a 6.3% month over month increase in new contract activity with 34 New Pendings; a 2.5% MoM increase in All Pendings (new contracts + contracts carried over from April) to 41; and a 14.6% decrease in supply to 76 active units. This activity resulted in a Contract Ratio of 0.54 pendings per active listing, up from 0.45 in April and an increase from 0.33 in May 2017. The Contract Ratio is 27% higher than the 5-year May average of 0.42. 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 76 Min 76 Max 131 5-year May average 76 105 Apr 2018 May 2017 89 115 Avg DOM 73 Min 73 Max 135 5-year May average 73 94 Apr 2018 May 2017 YTD 84 84 77 Avg Sold to OLP Ratio 95.5% Min 90.1% Max 95.8% 5-year May average 95.5% 93.7% Apr 2018 May 2017 YTD 101.5% 95.8% 96.9% Copyright 2018 MarketStats by ShowingTime. All Rights Reserved. Data Source: MFRMLS. Statistics calculated June 08, 2018. </p>
