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
$199,900
4%
18%
Other
$225,774 Trending
7% versus*:
27%
Month
LM
L3M
PYM
LY
$161,111 7% 1% 9%
$199,900
4%
18%
$169,316 4% 3% 11%
$225,774 353
7% -12% 27% -15%
$161,111 235
7% 28%
1% 9% 7%
13%
$169,316 4%
3%
11%
13%
50 9% 4% 22%
353 -12%
-15%
$113 3% 3% 14%
235 28%
7%
$104 1% 2% 16%
50 9% 4% 22% 16%
1.5 -31% -19% -21%
$113 3% 3% 14% 14%
96.6% .6% .8% .3%
$104 1% 2% 16%
1.5 -31% -19% -21%
96.6% .6% .8% .3%
May Month's Supply of Inventory
May 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
May Property sales were 235, up 7.3% from 219 in May of 2016
and 27.7% higher than the 184 sales last month. May 2017 sales 250
Property
Sales
were at their
highest level compared to May of 2016 and 2015. 300
May
sales
235, running
up 7.3% 0.1%
from behind
219 in May
of 2016 year-
May Property
YTD sales
of were
961 are
last year's
and
27.7% sales
higher
than the 184 sales last month. May 2017 sales 250 200
to-date
of 962.
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
3.0
2.0
3.0
4.0
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
wh