Florida Market Viewpoint July 2017 - Page 145

Market Action Report City: Palm Bay Palm Bay 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 $204,445 2% 14% Other $222,540 Trending 2% versus*: 20% Month LM L3M PYM LY $174,000 6% 6% 17% $204,445 2% 14% $177,670 6% 5% 14% $222,540 430 2% 3% 20% -0% $174,000 211 6% -21% 6% 17% 12% 22% $177,670 6% 5% 14% 19% 31 -21% -24% -28% 430 3% -0% $116 4% 4% 18% 211 -21% 12% $106 -1% 0% 10% 31 -21% -24% -28% -28% 2.0 30% 16% -11% $116 4% 4% 18% 17% 96.1% -.1% -.1% -1.4% $106 -1% 0% 10% 2.0 30% 16% -11% 96.1% -.1% -.1% -1.4% July Month's Supply of Inventory July 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 300 July Property sales were 211, up 12.2% from 188 in July of 2016 and 21.0% lower than the 267 sales last month. July 2017 sales 250 Property Sales were at a mid level compared to July of 2016 and 2015. July 300 July up 12.2% 188 July of 2016 YTD Property sales of sales 1,445 were are 211, running 2.0% from ahead of in last year's year-to- 200 and 21.0% than the 267 sales last month. July 2017 sales date sales lower of 1,417. 250 Prices 14 16 15 17 Median Sales Price and Average Sales Price 3 Mo Avg 130 110 110 90 90 70 70 50 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 0 4.0 3.0 4.0 300 A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 2.0 a 200 higher MSI is better for buyers. 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