FL ARCHIVED September 2017 | Page 117

Palm Beach County Community Information | School District

Palm Beach County 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 September was 93 , up 5.7 % from 88 days last month and up 3.3 % from 90 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
100
95
90
85
80
Days On Market for Sold Properties
86
90
3 Mo Avg
93
75
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 September 2017 Selling Price per Square Foot of $ 184 was up 1.5 % from $ 182 last month and up 7.4 % from 172 in September 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
94 %
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
94 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 92.9 % was up from 92.5 % last month and
93 %
down from 93.0 % in September of last year .
93 %
70
200 195 190 185 180 175 170 165 160 155 150
92 % 92 %
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
J
A S
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
161
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
J
A S
14
15
16
17
172
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.2 % 93.0 %
3 Mo Avg
184
92.9 %
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 September 2017 was 2,149 , down 43.0 % from 3,772 last month and down 42.1 % from 3,710 in September of last year .
91 %
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
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
J
A S
14
15
16
17
Inventory / New Listings / Sales
0
14,890 14,762 14,537 15,536 15,912 15,464 15,093 14,353 13,928 13,715 13,190 13,157 14,043 14,098 13,886
15,137 16,110 16,122 16,264
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
J
A S
14
15
16
17
15,414 14,955 14,517 13,916 14,235 14,077 14,347 14,257 15,231 15,682 15,421 15,126 14,045 13,778 12,993 12,271 11,824 c o l d w e l l b a n k e r h o m e s . c o m | 117