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 May was 50 , up 8.7 % from 46 days last month and up 22.0 % from 41 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 . |
70 60 50 40 30 |
57 |
41 |
50 |
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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 May 2017 Selling Price per Square Foot of $ 104 was up 0.5 % from $ 104 last month and up 15.7 % from 90 in May 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 May 2017 Selling Price vs Original List Price of 96.6 % was up from 96.0 % last month and up from 96.3 % in May 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 May 2017 was 259 , up 1.2 % from 256 last month and down 3.0 % from 267 in May of last year .
0 |
J |
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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 |
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 |
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
74
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J |
A |
S O N D |
J |
F M A M J |
J |
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S O N D |
J |
F M A M J |
J |
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S O N D |
J |
F M A M |
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 %
89 % |
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 S O N D |
J |
F M A M |
14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
700 600 500 400 300 200 100
584 572 596 553 542 545 540
Avg Selling Price divided by Avg Listing Price for sold properties during the month
563
509 463 443 431 431 449 436 420 440 450 436
90
96.3 %
3 Mo Avg
489 450 457 434 416 427 430 443 460 471 499 471 472 462 441
403
104
96.6 %
353
0
J |
J |
A |
S O N D |
J |
F M A M J |
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A |
S O N D |
J |
F M A M J |
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A |
S O N D |
J |
F M A M |
14 |
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15 |
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16 |
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17 |
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148 | c o l d w e l l b a n k e r h o m e s . c o m