Market Action Report
City: Melbourne
Melbourne
January 2018
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 January was 71, up 22.4% from 58
days last month and up 31.5% from 54 days in January of last
year. The January 2018 DOM was at a mid level compared with
January of 2017 and 2016.
3 Mo Avg
80
71
70
58
60
54
50
40
30
20
10
0
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 J
15
16
17
18
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 January 2018 Selling Price per Square Foot of $133 was
down 5.9% from $142 last month and up 2.9% from 129 in
January of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
133
129
111
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 J
15
16
17
18
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