FL ARCHIVED December 2017 | Page 144

Palm Bay Community Information | School District

Palm Bay 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 December was 49 , up 8.9 % from 45 days last month and up 28.9 % from 38 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
70 60 50 40 30 20
Days On Market for Sold Properties
47
38
3 Mo Avg
49
10
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 December 2017 Selling Price per Square Foot of $ 112 was up 2.2 % from $ 109 last month and up 15.1 % from 97 in December of last year .
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
98 %
original list price . The lower the ratio is below 100 % the more of
97 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
96 %
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 95.6 % was down from 96.0 % last month
95 %
and up from 95.3 % in December of last year .
94 %
93 %
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 December 2017 was 199 , down 13.9 % from 231 last month and up 2.1 % from 195 in December of last year .
0
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 D
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
92 % 91 % 90 %
80
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 D
15
16
17
Selling Price versus Listing Price Ratio
95.2 % 95.3 %
89 %
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 D
15
16
17
Inventory / New Listings / Sales
600 500 400 300 200 100
565
511 466 446 433 433 451
Avg Selling Price divided by Avg Listing Price for sold properties during the month
437 422 443 454 439
491 453 458 436 418 428 432 445 462 476
505
97
476 477 469 458 439
411 456
487 516
3 Mo Avg
509 485 465
112
95.6 %
431
0
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 D
15
16
17
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