Florida Market Viewpoint June 2017 - Page 146

Market Action Report City: Palm Bay Palm Bay June 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 June was 39, down 20.4% from 49 days last month and down 13.3% from 45 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 70 57 60 50 45 39 40 30 20 10 0 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 M J 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 hig ܈™[\Y\[HX\] H[[XH\]X\H\B[ܙHܛX[^Y[X]܈ۈH\X[ۈو\H[Y\˂H[H M[[XH\]X\Hو L \\ IBH L H\[۝[\ M IHHL[[Hو\YX\MLM LLLLL L L[]ŒL ŽL’HHHHHHHHHHHHMMBMM”[[XH\\\[XH][”[[XHܚY[[\[XBH[[XHܚY[[\[XH]X[H]\YB[[[][\\HYܙYZ[YHۈHZ\ܚY[[\XKH\H][\[ L HH[ܙHقH^Y\X\]^\H][]܈XݙH L H[X]\[ܙBوH[\X\] H[H M[[XHܚY[[\XHوMH\ۈHMH\[۝[\BM H[[Hو\YX\[]][[XH]YYH]\[XH܈\Y\\[H[۝N BMBMBM BMK BMBMIBM BLBLBLIBL BIBHHHHHHHHHHHHMMBMM’[[ܞH ]\[ [\’[[ܞH ]\[ [\   L  \\Y]وHX\]X[\[۝H[[ܞHق\Y\܈[H[ۙ]]\[[[\ˈHܘ\H\X[X[X\ۘ[]HوHX\]\[\B[][ۜ\]Y[\H][\ˈH\و]\[š[[H M\ \ ˍHH \[۝[\ KBH H[[Hو\YX\ L HHHHHHHHHHHHMMBMM\Y0H[[\\Y[X[X[\]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