DELRAY BEACH
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 139 , up 75.9 % from 79 days last month and up 19.8 % from 116 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 . |
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Days On Market for Sold Properties
99
116
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3 Mo Avg
139
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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 $ 378 was down 18.1 % from $ 461 last month and down 5.7 % from 401 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 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 of a Seller ' s market . The December 2017 Selling Price vs Original List Price of 84.1 % was down from 95.3 % last month and down from 91.4 % in December of last year .
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Selling Price per Square Foot |
3 Mo Avg |
700 650 600 550 500 450 400 350 300
120 % 100 % 80 % 60 %
554
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401
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.8 % 91.4 %
3 Mo Avg
378
84.1 %
40 % 20 %
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 40 , up 5.3 % from 38 last month and up 8.1 % from 37 in December of last year .
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Inventory / New Listings / Sales |
300 250 200 150 100
161 163 164 173 170 178 167 166 176
204 217 209 225 229 238 236 246 222 219 212 207 210 221 213 235 238 223 233 221 212 205
192 179
194 214 216
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Coldwell Banker Global Luxury SM | 97