FL ARCHIVED April 2017 | Page 144

Melbourne Community Information | School District

Melbourne Community Information | School District

Market Time
80
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
70
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
60
Seller ' s market . The DOM for April was 48 , up 6.7 % from 45
50
days last month and down 5.9 % from 51 days in April of last year .
The April 2017 DOM was at its lowest level compared with April
40
of 2016 and 2015 .
30
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 April 2017 Selling Price per Square Foot of $ 126 was up 0.9 % from $ 125 last month and up 9.3 % from 115 in April 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 April 2017 was 304 , down 2.3 % from 311 last month and down 18.3 % from 372 in April of last year .
20 10
Days On Market for Sold Properties
60
0
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 D
J
F M A
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
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
97 %
original list price . The lower the ratio is below 100 % the more of
96 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
of a Seller ' s market . The April 2017 Selling Price vs Original List
95 %
Price of 95.8 % was up from 94.9 % last month and up from 95.1 %
94 %
in April of last year .
93 %
92 % 91 % 90 %
102
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 D
J
F M A
14
15
16
17
Selling Price versus Listing Price Ratio
51
115
95.1 % 95.1 %
89 %
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 D
J
F M A
14
15
16
17
Inventory / New Listings / Sales
900 800 700 600 500 400 300 200 100
0
774 763 759 704 671 688 681
Avg Selling Price divided by Avg Listing Price for sold properties during the month
631 642 648 664 660 663 665 643 622 624 659 676 667 685 669 633 636
592 653 637 606 582 610 624 593
3 Mo Avg
3 Mo Avg
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 D
J
F M A
14
15
16
17
579 545 537
48
126
95.8 %
535
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