FL ARCHIVED December 2017 | Page 117

Palm Beach County Community Information | School District

Palm Beach County Community Information | School District

Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for December was 73 , down 5.2 % from 77 days last month and down 2.7 % from 75 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The December 2017 Selling Price per Square Foot of $ 195 was up 0.9 % from $ 193 last month and up 10.7 % from 176 in December of last year .
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
94 %
original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more
94 %
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 92.7 % was equal to 92.7 % last month and
93 %
down from 93.2 % in December of last year .
93 %
Days On Market for Sold Properties
90
80
70
75
73
70
60
50
40
30
20
10
0
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
15
16
17
Selling Price per Square Foot
3 Mo Avg
200 195 190 185 180 175 170 165 160 155 150
92 % 92 %
166
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
15
16
17
176
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.9 %
93.2 %
3 Mo Avg
3 Mo Avg
195
92.7 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in December 2017 was 2,843 , down 19.3 % from 3,524 last month and down 7.3 % from 3,067 in December of last year .
91 %
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
15
16
17
Inventory / New Listings / Sales
16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
0
14,576 14,493 14,182 13,666 13,189 12,762 12,623 12,373 12,540 13,030 13,413 13,236 14,288 14,907 14,988 14,792 14,352 13,914 13,555
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
15
16
17
13,158 13,323 13,437 13,945 13,772 14,738 14,819 14,598 14,359 13,729 13,343 12,887 12,552 12,229 12,573 12,737 12,550 c o l d w e l l b a n k e r h o m e s . c o m | 117