FL ARCHIVED September 2017 | Page 144

Palm Bay Community Information | School District

Palm Bay 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 33 , down 2.9 % from 34 days last month and down 8.3 % from 36 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
70 60 50 40 30 20
Days On Market for Sold Properties
42
36
3 Mo Avg
33
10
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 $ 107 was down 1.6 % from $ 109 last month and up 11.0 % from 97 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
98 %
original list price . The lower the ratio is below 100 % the more of
97 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
96 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 95.1 % was down from 96.7 % last month
95 %
and down from 96.6 % in September of last year .
94 %
93 %
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 173 , down 39.3 % from 285 last month and down 33.5 % from 260 in September of last year .
0
150 140 130 120 110 100 90 80 70 60 50
92 % 91 % 90 % 89 %
600 500 400 300 200 100
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
80
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
96.3 %
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
542 545 540 563
509 463 444
Avg Selling Price divided by Avg Listing Price for sold properties during the month
432 432 450 437 421 441 451 437
490 451 458 435 417 428 431 443
97
96.6 %
461 473
503 474 475 465 452 433 408
3 Mo Avg
444 468 478
107
95.1 %
458
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
144 | c o l d w e l l b a n k e r h o m e s . c o m