Brevard County Community Information | School District
Brevard County 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 February was 60 , up 3.4 % from 58 days last month and down 4.8 % from 63 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 February 2017 Selling Price per Square Foot of $ 127 was up 1.0 % from $ 126 last month and up 15.0 % from 111 in February 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 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 February 2017 Selling Price vs Original List Price of 94.6 % was equal to 94.6 % last month and up from 93.9 % in February 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 February 2017 was 1,223 , down 12.7 % from 1,401 last month and down 10.3 % from 1,363 in February of last year .
Days On Market for Sold Properties
90 |
80 |
71 |
70 |
63 |
60 |
60 |
|
|
50 |
|
|
40 |
|
|
30 |
|
|
20 |
|
|
10 |
|
|
0 |
|
|
|
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 |
F |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
100
|
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 |
F |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
111
Selling Price versus Listing Price Ratio
92.4 %
88 % |
|
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 |
F |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
500
0
3,967 3,935 3,989 3,826 3,741 3,696
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3,543 3,601 3,624 3,539 3,635 3,553 3,366 3,333 3,264 3,208 3,159 3,017 3,007 3,119 3,165 3,168 3,352
93.9 %
3,307 3,214 3,136 3,053 3,172 3,052 2,916 2,856 2,862
3 Mo Avg
3 Mo Avg
|
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 |
F |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
2,931 2,869 2,823
127
94.6 %
2,698
140 | c o l d w e l l b a n k e r h o m e s . c o m