FL ARCHIVED September 2017 | Page 133

West Palm Beach Community Information | School District

West Palm 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 September was 93 , up 6.9 % from 87 days last month and up 10.7 % from 84 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
93
84
3 Mo Avg
93
20
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 $ 156 was up 1.8 % from $ 153 last month and up 12.6 % from 138 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
95 %
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
93 %
Original List Price of 94.1 % was up from 92.7 % last month and up from 93.2 % in September of last year .
92 %
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 409 , down 34.7 % from 626 last month and down 36.9 % from 648 in September of last year .
0
200 190 180 170 160 150 140 130 120 110 100
91 % 90 % 89 % 88 %
3,000 2,500 2,000 1,500 1,000
500
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
127
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
138
Selling Price versus Listing Price Ratio
92.9 %
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
2,634 2,605 2,545 2,680 2,744 2,657
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,536 2,456 2,364 2,312 2,240 2,199 2,300 2,309 2,251
2,399 2,541 2,494 2,551 2,441 2,393 2,321 2,249
93.2 %
2,334 2,296 2,369 2,280 2,402 2,444 2,408 2,348
2,203
3 Mo Avg
2,186 2,069 1,987
156
94.1 %
1,944
0
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
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