Mike's Real Estate Market Update: July 23, 2018
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...
Watch and Listen to Mike's Real Estate Market Report
While these videos provide a "high level" snapshot of the market, let me prepare a detailed analysis of your area right down to the subdivision or condo association level. This is the type of information that you need to leverage the market to your advantage.
My Current Coverage Plan:
First Monday - What trends do we see in area sales?
Second Monday - Are local prices rising or falling?
Third Monday - How much inventory is out there today?
Fourth Monday - How long is it taking to get properties sold?
Fifth Monday - No Report
Please let me know what area you would like me to personally prepare for you?
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Today's Coverage: What trends do we see in the length of time a property is on the market and what does that mean to you as a buyer or a seller?
Days on Market and Sold/List Price % Report
What is DOM?
- DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).
Is Average DOM calculated based on sold listings?
- Yes, it is. Average DOM is the average of DOM of sold properties.
Sarasota County
Average Days on Market in June 2018: 81
• | Up 1.3% compared to last month |
• | Down 1.2% compared to last year |
Manatee County
Average Days on Market in June 2018: 70
• | Down 12.5% compared to last month |
• | Down 7.9% compared to last year |
Longboat Key
Average Days on Market in June 2018: 116
• | Down 24.2% compared to last month |
• | Down 0.9% compared to last year |
Holmes Beach/Bradenton Beach
Average Days on Market in June 2018: 103
• | Down 24.3% compared to last month |
• | Down 29.5% compared to last year |
Siesta Key
Average Days on Market in June 2018: 100
• | Down 6.5% compared to last month |
• | Down 8.3% compared to last year |
Venice
Average Days on Market in June 2018: 87
• | Up 26.1% compared to last month |
• | Up 14.5% compared to last year |
City of Sarasota
Average Days on Market in June 2018: 78
• | Down 6% compared to last month |
• | Down 4.9% compared to last year |
Bradenton
Average Days on Market in June 2018: 64
• | Down 21% compared to last month |
• | Down 7.2% compared to last year |
Mike Provides even more Crucial Information for his Buyers and Sellers:
We know how to get homes sold!
Selling a home in our area can be challenging. Find out how our seller services help make ...
Working with Buyers
We take the complexity out of the buying process by placing you first! We understand...
Published: June 2018*
Property Types: All Res. Proptype - All Properties - All Properties -
All Property Statuses
*All reports are published June 2018, based on data available at the end of May 2018, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS. The Mid-Florida MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Mid-Florida MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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