Palm Beach Community Information | School District
Palm Beach Community Information | School District
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 153 , down 32.3 % from 226 days last month and up 29.7 % from 118 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 . |
250
200
150
100
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Days On Market for Sold Properties
145
118
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3 Mo Avg
153
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50 |
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Selling Price per Square Foot |
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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
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850
800
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end Properties in the market , the selling price per square foot is |
750 |
a more normalized indicator on the direction of Property values . |
700 |
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The November 2017 Selling Price per Square Foot of $ 584 was down 15.1 % from $ 687 last month and up 6.3 % from 549 in
November of last year .
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650
600
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550 |
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 86.3 % was up from 86.0 % last month and down from 89.2 % in November 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 November 2017 was 92 , up 26.0 % from 73 last month and up 16.5 % from 79 in November of last year .
0
500 450 400
94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 % 74 %
600 500 400 300
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 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
456
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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16 |
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17 |
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Selling Price versus Listing Price Ratio
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 14 15
16
17 Inventory / New Listings / Sales
482
519 547 522
495
438 424
Avg Selling Price divided by Avg Listing Price for sold properties during the month
415 398 397
442
549
88.8 % 89.2 %
470
471 505 519 490 484
436 393 368 346 362
395 434
465 496 514 515
488 438
405 377
3 Mo Avg
374 366 374
584
86.3 %
425
200 100
0 D J 14 15
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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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 127