FL ARCHIVED February 2017 | Page 146

Merritt Island Community Information | School District

Merritt Island 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 70 , up 29.6 % from 54 days last month and down 20.5 % from 88 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
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 92.9 % was down from 95.3 % last month and down from 93.6 % 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 107 , up 9.2 % from 98 last month and up 1.9 % from 105 in February of last year .
100 90 80 70 60 50 40 30 20 10 0
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
190
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
170
more normalized indicator on the direction of Property values .
The February 2017 Selling Price per Square Foot of $ 131 was
150
down 12.9 % from $ 150 last month and up 12.1 % from 117 in
130
February of last year .
110
90 70 50
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
500 450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
57
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
114 117
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 versus Listing Price Ratio
93.6 % 93.6 %
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
441 437 419
340 326 331 316
Avg Selling Price divided by Avg Listing Price for sold properties during the month
301 330 320
363 388 375 364 382 342 345
320 287 293 306 316 314
88
298 293 288 272 293 288 260 252 246
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
250 254 248
70
131
92.9 %
240
146 | c o l d w e l l b a n k e r h o m e s . c o m