Palm Beach County Community Information | School District
Palm Beach County Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 90 , up 3.4 % from 87 days last month and down 1.1 % from 91 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 . |
100
95
90
85
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96 |
91 |
90 |
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80 |
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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 2017 Selling Price per Square Foot of $ 182 was up 2.8 % from $ 177 last month and up 11.0 % from 164 in January 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 January 2017 Selling Price vs Original List Price of 92.5 % was down from 93.1 % last month and down from 92.7 % in January of last year .
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
94 % 94 % 93 % 93 % 92 % 92 %
163 164
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.0 %
92.7 %
3 Mo Avg
182
92.5 %
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 January 2017 was 4,616 , up 52.0 % from 3,036 last month and up 1.7 % from 4,537 in January of last year .
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Inventory / New Listings / Sales |
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
0
15,996 15,780 15,337 15,058 14,962 14,445 14,299 14,413 14,857 14,727 14,500 15,491 15,862 15,405 15,024 14,285 13,853 13,627 13,098
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13,056 13,936 13,986 13,771
15,016 15,968 15,947 16,030 15,109 14,604 14,087 13,378 13,577 13,260 13,305 12,749
13,611 c o l d w e l l b a n k e r h o m e s . c o m | 121