FL ARCHIVED January 2018 | Page 144

Market Action Report
City: Palm Bay
Palm Bay
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 42, down 12.5% from
48 days last month and down 17.6% from 51 days in January of
last year. The January 2018 DOM was at its lowest level
compared with January of 2017 and 2016.
3 Mo Avg
70
60
54
51
50
42
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 January 2018 Selling Price per Square Foot of $110 was
down 1.2% from $112 last month and up 14.2% from 97 in
January of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
110
97
80
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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 January 2018 Selling Price vs Original
List Price of 95.9% was up from 95.7% last month and up from
95.8% in January of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95.9%
95.8%
95.3%
95%
94%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
500
600
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 January 2018 was 314, up 56.2% from 201 last month and up
18.0% from 266 in January of last year.
300
200
100
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 REALTORS
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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