FL ARCHIVED May 2017 | Page 135

Market Action Report
City: Wellington
May 2017
Wellington
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 May was 114, up 0.9% from 113
days last month and up 32.6% from 86 days in May of last year.
The May 2017 DOM was at a mid level compared with May of
2016 and 2015.
3 Mo Avg
140
118
120
114
100
86
80
60
40
20
0
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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 May 2017 Selling Price per Square Foot of $197 was down
7.3% from $212 last month and down 32.4% from 291 in May of
last year.
3 Mo Avg
291
300
280
260
240
220
200
180
160
140
120
100
197
197
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Selling Price versus Listing Price Ratio
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 May 2017 Selling Price vs Original List
Price of 92.0% was down from 92.7% last month and down from
94.1% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94.1%
94%
93.0%
93%
92.0%
92%
91%
90%
89%
88%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,000
Properties for sale along with New Listings and Sales. The graph
900
shows the basic annual seasonality of the market as well as the
800
relationship between these items. The number of New Listings
700
in May 2017 was 203, up 26.1% from 161 last month and up 8.0%
from 188 in May of last year.
600
500
400
300
200
100
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Associa tion of the Palm Beaches, Space Coast Association of REALTORS
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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