Merritt Island Community Information | School District
Merritt Island 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 82 , up 67.3 % from 49 days last month and up 115.8 % from 38 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
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 $ 155 was down 1.5 % from $ 157 last month and up 12.5 % 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 |
97 % |
original list price . The lower the ratio is below 100 % the more of |
96 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more |
95 % |
|
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 93.2 % was down from 94.6 % last month
|
94 % |
and down from 93.8 % in September of last year . |
93 % |
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 69 , down 47.7 % from 132 last month and down 25.8 % from 93 in September of last year .
100 90 80 70 60 50 40 30 20 10 0
200 190 180 170 160 150 140 130 120 110 100
91 % 90 % 89 % 88 %
450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
60
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 |
125
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 versus Listing Price Ratio
94.7 %
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 |
301 330 320
363 388 375 364
Avg Selling Price divided by Avg Listing Price for sold properties during the month
382
342 345
320 287 293 306 316 314 298 293 288 272 293 289
263
38
138
93.8 %
256 250 258 266 260 259 280 281
309
3 Mo Avg
3 Mo Avg
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 |
|
|
|
316 318
297
82
155
93.2 %
281
142 | c o l d w e l l b a n k e r h o m e s . c o m