Market Action Report
City: Melbourne
Melbourne
Agent Name
Market Action Report
City: Melbourne
June 2017
Title
Phone
Agent
Name
Website
Title Other
June 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$285,000
2%
10%
Other
$346,165 Trending
2% versus*: 8%
Month
LM 1%
L3M 4%
PYM 6%
LY
$233,800
$285,000
2%
10%
$272,593 6% 6% 7%
$346,165 598
2% 3%
8% -9%
$233,800 289
1% 7%
4% 6% -1%
14%
$272,593 6%
6%
7%
16%
28 -28% -28% -45%
598 3%
-9%
$150 6% 6% 18%
289 7%
-1%
$136 4% 4% 11%
28 -28% -28% -45% -43%
2.1 -4% -8% -8%
$150 6% 6% 18% 15%
96.8% .0% .7% 1.5%
Average List Price of all Current Listings
Market
Profile
& Trends
June Median
Sales
Price Overview
Median
List
Price
of
all
Current Listings
June Average Sales Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
June
Sales
Price
June Median
Number
of Properties
Sold
June Average Sales Price
June Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
June Number of Properties Sold
June Sold Price per Square Foot
June Average Days on Market (Solds)
June Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
June Sale Price vs List Price Ratio
June Sold Price per Square Foot
$136 4%
2.1 -4%
96.8% .0%
June Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
Prior YTD 10%
Prior Year 10%
14% YTD
$225,000
16%
$254,861
10%
8%
$225,000 1,391
10%
$254,861
10%
-43%
43
-4% 10%
-17% 8%
15%
$141
10%
1,391
-4%
15%
$130
12%
43 -17%
-12%
-24%
2.6
-9%
$141
10%
8%
1.7%
95.8%
1%
-12%
8%
9%
-6%
1%
4% 11% 15%
$130
12%
9%
-8% -8% -24%
2.6
-9%
-6%
Number of 95.8%
Properties
.7% 1.5% 1.7%
1% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
June Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
350
June Property sales were 289, down 0.7% from 291 in June of
2016 and 7.0% higher than the 270 sales last month. June 2017 300
Property
sales were Sales
at a mid level compared to June of 2016 and 2015. 350
June
sales
down 0.7%
from
291 in last
June
of year- 250
June Property
YTD sales
of were
1,391 289,
are running
3.9%
behind
year's
2016
and sales
7.0% of
higher
than the 270 sales last month. June 2017 300
to-date
1,447.
200
sales were at a mid level compared to June of 2016 and 2015.
3 Mo Avg
Number of Properties Sold
3 Mo Avg
June YTD sales of 1,391 are running 3.9% behind last year's year- 250
150
to-date sales of 1,447.
200
197
227
262
182
Total Inventory & Month's Supply of Inventory (MSI)
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Total Inventory & Month's Supply of Inventory (MSI)
0
3 Mo Avg
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 F M A M J
The Total Inventory
Inventory
& MSI of Properties available for sale as of June
was Total
598, Inventory
up 3.3% from
579 last available
month and
from 654 800
The
of Properties
for down
sale as 8.6%
of June
in June
of last
2017
Inventory
was 8.6%
at its from
lowest
level 800 700
was
598, up
3.3% year.
from June
579 last
month
and down
654
in compared
June of last
year.
June
2017 Inventory
with
June
of 2016
and 2015. was at its lowest level 700 600
compared with June of 2016 and 2015.
600 500
500 400
400 300
A comparatively lower MSI is more beneficial for sellers while 300
a
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
June 2017
MSI while
of 2.1 a 200 200
higher
MSI
is better
for buyers.
June 2017
of 2.1
100
months
was
at its lowest
level The
compared
with MSI
June
of 2016 and
100
months
0
2015. was at its lowest level compared with June of 2016 and
2015.
3 Mo Avg
17
15 A M J J A S O N D J F M 16
J A 14
S O N D J F M
A M J J A S O N D J F M A 17 M J
14
15
16
17
Inventory & MSI
16
Median Sales Price and Average Sales Price
240
220
200
180
160
140
120
100
15
month. June 2017 ASP was at the highest level compared to
June of 2016 and 2015.
14
300
280
260
240
220
200
180
160
140
120
100
Prices
The Median Sales