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Mike's Real Estate Market Update: July 2019 Data

Michael Renick

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

Aug 30 4 minutes read

The latest market data is out and 

we'll break it all down for you!


Watch Mike's Real Estate Market Report to learn how to use this information to formulate your competitive advantage!


And for more great videos like this, check out our YouTube channel!

Sales:  Single Family Homes

July 2019 is a Buyer's market*

Home For Sale in July 2019: 84 units.

Down 18.4% compared to last month

Up 12% compared to last year


Home Closed in July 2019: 9 units.

Up 28.6% compared to last month

Down 10% compared to last year


Home Placed under Contract in July 2019: 14 units.

Up 250% compared to last month

Up 55.6% compared to last year

Sales:  Condos

July 2019 is a Buyer's market*

Home For Sale in July 2019: 211 units.

Down 8.7% compared to last month

Up 14.1% compared to last year


Home Closed in July 2019: 25 units.

Down 16.7% compared to last month

Down 10.7% compared to last year


Home Placed under Contract in July 2019: 23 units.

0% compared to last month

Down 36.1% compared to last year

Price:  Single Family Homes

July 2019 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in July 2019: $388

Down 15.1% compared to last month

Down 15.8% compared to last year

Price:  Condos

July 2019 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in July 2019: $404

Up 15.8% compared to last month

Down 3.3% compared to last year

Days on Market:  Single Family Homes

July 2019 Average Days on Market trend Remains Steady*

Average Days on Market in July 2019: 127

Down 38.3% compared to last month

Down 48.4% compared to last year


July 2019 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in July 2019: 87%

Up 6.1% compared to last month

Up 10.1% compared to last year

Condos

July 2019 Average Days on Market trend Remains Steady*

Average Days on Market in July 2019: 119

Down 3.3% compared to last month

Up 21.4% compared to last year


July 2019 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in July 2019: 87%

0% compared to last month

Down 6.5% compared to last year

Months of Inventory:  Single Family Homes

July 2019 is a Buyer's market*

Months of Inventory based on Closed Sales in July 2019: 9.3

Down 36.7% compared to last month

Up 24% compared to last year

Months of Inventory:  Condos

July 2019 is a Buyer's market*

Months of Inventory based on Closed Sales in July 2019: 8.4

Up 9.1% compared to last month

Up 27.2% compared to last year

Please let me know what area you would like me to personally perform a market analysis on for you?

[email protected]

941-400-8735

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To best understand the market, we need to look at the four factors (sales performance, price direction, how much competition, length of time on the market).  When we combine all of these factors for your specific area, you will be fully equipped to negotiate the best deal for you!  Isn't that what it is all about?

All reports are published August 2019, based on data available at the end of July 2019, except for the today stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Mike Provides even more Crucial Information for his Buyers and Sellers:


 


 

I would enjoy the opportunity to prepare your personal report:  No Obligation!

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