Palm Bay Community Information | School District
Palm Bay Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 July was 31 , down 20.5 % from 39 days last month and down 27.9 % from 43 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 . |
70 60 50 40 30 |
51 |
43 |
31 |
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20 |
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10 |
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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 July 2017 Selling Price per Square Foot of $ 106 was down 0.9 % from $ 107 last month and up 10.0 % from 97 in July 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 July 2017 Selling Price vs Original List Price of 96.1 % was down from 96.2 % last month and down from 97.5 % in July of last year .
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 July 2017 was 290 , down 3.7 % from 301 last month and up 18.4 % from 245 in July of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
700 600 500 400 300 200 100
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 |
F M A M J |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
79
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 |
F M A M J |
14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.5 %
96.7 %
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 |
F M A M J |
14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
596 553 542 545 540 563
509 463 444 432 432 450 437 421 441 451 437
97
3 Mo Avg
J
106
J
96.1 %
490 451 458 435 417 428 431 444 462 474
504 474 475 465 452 435 396 419 430
J
0
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 |
F M A M J |
14 |
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15 |
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16 |
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17 |
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J
146 | c o l d w e l l b a n k e r h o m e s . c o m