Palm Bay Community Information | School District
Palm Bay Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 August was 34 , up 9.7 % from 31 days last month and down 10.5 % from 38 days in August of last year . The August 2017 DOM was at its lowest level compared with August of 2016 and 2015 . |
70 60 50 40 30 |
44 |
38 |
34 |
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20 |
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10 |
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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 August 2017 Selling Price per Square Foot of $ 109 was up 1.7 % from $ 107 last month and up 15.5 % from 94 in August 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 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 of a Seller ' s market . The August 2017 Selling Price vs Original List Price of 96.8 % was up from 96.2 % last month and up from 96.6 % in August of last year .
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 August 2017 was 280 , down 3.4 % from 290 last month and up 5.3 % from 266 in August of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
600 500 400 300 200 100
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 M J |
J |
A |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
77
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 M J |
J |
A |
14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
96.0 %
94
109
96.6 % 96.8 %
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 M J |
J |
A |
14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
553 542 545 540 563
509 463
Avg Selling Price divided by Avg Listing Price for sold properties during the month
444 432 432 450 437 421 441 451 437
3 Mo Avg
490 451 458 435 417 428 431 444 462 474
504 475 476 466 454 436
408 434 449 448
0
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 M J |
J |
A |
14 |
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15 |
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16 |
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17 |
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144 | c o l d w e l l b a n k e r h o m e s . c o m