Market Action Report
City: Palm Beach
January 2018
Palm Beach
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 January was 187, down 15.4%
from 221 days last month and up 90.8% from 98 days in January
of last year. The January 2018 DOM was at a mid level
compared with January of 2017 and 2016.
3 Mo Avg
250
187
200
150
132
98
100
50
0
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 J
15
16
17
18
Selling Price per Square Foot
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 January 2018 Selling Price per Square Foot of $888 was up
41.5% from $628 last month and up 44.8% from 613 in January
of last year.
3 Mo Avg
888
900
850
800
750
700
650
600
550
500
450
400
613
430
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 J
15
16
17
18
Selling Price versus Listing Price Ratio
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 January 2018 Selling Price vs Original
List Price of 84.2% was down from 87.6% last month and down
from 92.1% in January of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold propert