Market Action Report
City: Boca Raton
November 2017
Boca Raton
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 November was 88, down 13.7%
from 102 days last month and up 2.3% from 86 days in
November of last year. The November 2017 DOM was at a mid
level compared with November of 2016 and 2015.
3 Mo Avg
120
100
92
88
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 November 2017 Selling Price per Square Foot of $214 was
up 9.6% from $195 last month and up 13.0% from 189 in
November of last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
214
189
175
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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 November 2017 Selling Price vs
Original List Price of 91.8% was up from 90.4% last month and
down from 92.3% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93%
92.3%
93%
91.9%
92%
91.8%
92%
91%
91%
90%
90%
89%
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 J A S O N
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Invento