Florida Market Viewpoint April 2017 - Page 144

Market Action Report City: Melbourne Melbourne April 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 April was 48, up 6.7% from 45 days last month and down 5.9% from 51 days in April of last year. The April 2017 DOM was at its lowest level compared with April of 2016 and 2015. 3 Mo Avg 80 70 60 60 51 48 50 40 30 20 10 0 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 14 15 16 17 Selling Price per Square Foot 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 April 2017 Selling Price per Square Foot of $126 was up 0.9% from $125 last month and up 9.3% from 115 in April of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 126 115 102 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 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount th ][\\HYܙYZ[YHۈHZ\ܚY[[\XKH\H][\[ L HH[ܙHقH^Y\X\]^\H][]܈XݙH L H[X]\[ܙBوH[\X\] H\[ M[[XHܚY[[\XHوMK H\\HM IH\[۝[\HMKIB[\[و\YX\[]][[XH]YYH]\[XH܈\Y\\[H[۝MBMK BMBMKIBMKIBMIBM BLBLBLIBL BIBHHHHHHHHHHHBMMBMM’[[ܞH ]\[ [\’[[ܞH ]\[ [\ŽL  L    \\Y]وHX\]X[\[۝H[[ܞHق\Y\܈[H[ۙ]]\[[[\ˈHܘ\H\X[X[X\ۘ[]HوHX\]\[\B[][ۜ\]Y[\H][\ˈH\و]\[š[\[ M\ ۈ HH LH\[۝[ۂN HH ̈[\[و\YX\  L HHHHHHHHHHHBMMBMM\Y0H[[\\Y[X[X[\]H [[\[]Y X[ܜXH[N[\H\\Έђ Hۂ]H\ݚYY\\HوܙX]\ܝ]Y\[HPSԔPSԈ\X][ۈوX\[[KZX[ZH\X][ۈوPSԔ^HܚYHY[ۘ[S\\\XH\وPSԔPSԔ\X][ۈوH[HXX\XH\\X][ۈوPSԔ™\\[܈X\[YHHX\XHو\[ܛX][ۋ]\H\ۜX[]Hو[H^Y\܈[\\YH[H[[[ܛX][ۈ[][Xۜ[Y\&\X[\]H[X[ۋM HHHHH