HAPPY NEW YEAR!!!  Let's kick off 2018 with a very positive outlook. Today's Morning Coffee does that, get even with those who are good to you.  Check it out.

As for the real estate outlook for 20018, no one really has a crystal ball so no one can truly predict the real estate market, except to promise that people will be moving. causing housing to be bought and sold.

Here are some end of the year numbers, for those who really like this sort of stuff.

We are awaiting the final numbers for 2017 from our Pinellas Realtor Organization, however, here are the numbers thru November. For the first 11 months of 2017, there have been a total of 21,502 residential sales.  Of those, 40.88% were cash and 42.07% were conventional mortgages.  In addition, 56.01% were sold in 30 days or less, with another 15.94% being sold in 60 days or less.  This clearly indicates that these properties were priced at the correct market value.  The $200,000 to $400,000 price range accounted for 35.82 of all residential sales in the area. For those looking for "bargains", or at least low prices, a total of 3350 properties were sold below $100,000 for the first 11 months of 2017.

The absorption rate for November for single family homes was 36.5%, and the absorption rate for condos was 31.6%. Absorption rate is the percent of available properties that sell in a given month. Thus, a 36.5% absorption rate means that just over 1/3 of the houses listed for sale actually sold in November.  This represents a strong sellers' market, leaving buyers very little room for negotiating downward.

For more detailed information on specific markets or property types, check out our website.

Now, on to the very first trivia for the new year.

Appropriate for today, in 1913, a severe winter storm hit the mid-west, dropping temperatures in Chicago to -13F and dumped 19 inches of snow. This storm was blamed for 68 deaths.s

In 1981, British police arrest Peter Sutcliffe, the Yorkshire Ripper, a serial killer.

In 1906, Willis Carrier received a patent for the world's first air conditioner. And that made Florida livable.

In 1961, the very first AFL Championship game took place, with the Houston Oilers beating the LA Chargers, 24-16.

Today's birthdays include Isaac Asimov (1920) science fiction writer, "I, Robot"; Roger Miller (1936) singer, "Dang Me", "King of the Road"; Cuba Gooding Jr. (1968), Oscar winner for his role in "Jerry Maguire".

Make it a great week.