Florida Market Viewpoint April 2017 - Page 143

Market Action Report City: Melbourne Melbourne Agent Name Title Phone Agent Name Website Title Other Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website LM Trending versus*: L3M PYM LY $287,900 -0% 7% Other $345,338 Trending -2% versus*: 6% Month LM -2% L3M -4% PYM 5% LY $205,000 $287,900 -0% 7% $233,741 -4% -4% 4% $345,338 535 -2% -0% 6% -16% $205,000 212 -2% -15% -4% 5% -18% 0% $233,741 -4% -4% 4% -1% 48 7% -6% -6% 535 -0% -16% $140 2% 1% 8% 212 -15% -18% $126 1% -1% 9% 48 7% -6% -6% -2% 2.5 17% -3% 3% $140 2% 1% 8% 8% 95.8% .9% .7% .7% $126 1% -1% 2.5 17% -3% 95.8% .9% .7% April Month's Supply of Inventory April 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 350 April Property sales were 212, down 18.5% from 260 in April of 2016 and 15.2% lower than the 250 sales last month. April 2017 300 Property sales were Sales at their lowest level compared to April of 2016 and 350 April Property sales sales were of 212, down from 260 behind in April of 250 2015. April YTD 820 are 18.5% running 6.6% last 2016 and 15.2% lower sales than of the 878. 250 sales last month. April 2017 300 year's year-to-date 200 sales were at their lowest level compared to April of 2016 and 3 Mo Avg 247 279 174 207 16 17 3 Mo Avg 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 O N D J F M A 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) The Total Inventory Inventory & MSI of Properties available for sale as of April 900 was Total 535, Inventory down 0.4% from 537 last month The of Properties available for and sale down as of 15.9% April from 636 535, in April last from year. 537 April Inventory was at its lowest 900 800 was down of 0.4% last 2017 month and down 15.9% from 800 700 636 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 700 600 level compared with April of 2016 and 2015. 600 500 500 400 A comparatively lower MSI is more beneficial for sellers while 400 a 300 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 2.5 a 300 200 higher MSI is better for level buyers. 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