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Mike's Real Estate Market Update: June 2019

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...

Jun 28 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

May 2019 is a Buyer's market*

Home For Sale in May 2019: 102 units.

Down 14.3% compared to last month

Up 29.1% compared to last year


Home Closed in May 2019: 15 units.

Up 7.1% compared to last month

Up 7.1% compared to last year


Home Placed under Contract in May 2019: 5 units.

Down 58.3% compared to last month

Down 44.4% compared to last year

Sales:  Condos

May 2019 is a Neutral market*

Home For Sale in May 2019: 241 units.

Down 7.3% compared to last month

Up 10% compared to last year


Home Closed in May 2019: 50 units.

Up 13.6% compared to last month

Up 4.2% compared to last year


Home Placed under Contract in May 2019: 39 units.

Down 20.4% compared to last month

Up 50% compared to last year

Price:  Single Family Homes

May 2019 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in May 2019: $528

Down 16.5% compared to last month

Up 2.7% compared to last year

Price:  Condos

May 2019 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in May 2019: $442

Up 4% compared to last month

Down 6.8% compared to last year

Days on Market:  Single Family Homes

May 2019 Average Days on Market trend Remains Steady*

Average Days on Market in May 2019: 108

Up 0.9% compared to last month

Down 32.1% compared to last year


May 2019 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in May 2019: 90%

Down 2.2% compared to last month

Up 8.4% compared to last year

Condos

May 2019 Average Days on Market trend Remains Steady*

Average Days on Market in May 2019: 101

Up 14.8% compared to last month

Down 31.3% compared to last year


May 2019 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in May 2019: 90%

0% compared to last month

Up 2.3% compared to last year

Months of Inventory:  Single Family Homes

May 2019 is a Buyer's market*

Months of Inventory based on Closed Sales in May 2019: 6.8

Down 20% compared to last month

Up 21.3% compared to last year

Months of Inventory:  Condos

May 2019 is a Neutral market*

Months of Inventory based on Closed Sales in May 2019: 4.8

Down 18.6% compared to last month

Up 4.4% 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 June 2019, based on data available at the end of May 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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