FL ARCHIVED October 2017 | Page 129

Market Action Report October 2017 Palm Beach Gardens City: Palm Beach Gardens 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 October was 99, down 6.6% from 106 days last month and down 2.9% from 102 days in October of last year. The October 2017 DOM was at a mid level compared with October of 2016 and 2015. 3 Mo Avg 140 120 102 100 99 88 80 60 40 20 0 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 J J A S O 14 15 16 17 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 ca