FL ARCHIVED November 2017 | Page 142

Market Action Report
City: Merritt Island
Merritt Island
November 2017
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 47, down 19.0%
from 58 days last month and down 33.8% from 71 days in
November of last year. The November 2017 DOM was at its
lowest level compared with November of 2016 and 2015.
3 Mo Avg
100
90
81
80
71
70
60
47
50
40
30
20
10
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 $158 was
up 6.3% from $148 last month and up 16.3% from 135 in
November of last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
158
142
135
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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 95.4% was up from 94.5% last month and
up from 93.0% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
95.4%
96%
95%
94%
93.0%
93%
92%
91.1%
91%
90%
89%
88%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
450
200
250
300
350
400
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 110, up 10.0% from 100 last month and
up 11.1% from 99 in November of last year.
150
100
50
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 Association of the Palm Beaches, Space Coast Association of REALT
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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