Merritt Island Community Information | School District
Merritt Island 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 65 , up 41.3 % from 46 days last month and up 1.6 % from 64 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 $ 140 was down 11.5 % from $ 159 last month and down 5.2 % from 148 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 |
97 % |
original list price . The lower the ratio is below 100 % the more of |
96 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more |
95 % |
|
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 93.0 % was down from 95.4 % last month
|
94 % |
and up from 92.1 % in December of last year . |
93 % |
92 % |
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 71 , down 35.5 % from 110 last month and equal to 71 in December of last year .
100 90 80 70 60 50 40 30 20 10 0
200 190 180 170 160 150 140 130 120 110 100
91 % 90 % 89 % 88 %
450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
58
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 |
121
Selling Price versus Listing Price Ratio
64 65
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 |
|
|
|
94.4 %
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 |
363 388 375 364 382
342 345
Avg Selling Price divided by Avg Listing Price for sold properties during the month
320 287 293 306 316 314 298 293 288 272 293 289 263 256 250 258
148
92.1 %
266 260 259 280 280 307 318 328 309
3 Mo Avg
3 Mo Avg
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 |
|
|
|
298 291 293
140
93.0 %
262
142 | c o l d w e l l b a n k e r h o m e s . c o m