FL ARCHIVED January 2017 | Page 125

Boynton Beach Community Information | School District

Boynton Beach 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 January was 72 , up 14.3 % from 63 days last month and up 14.3 % from 63 days in January of last year . The January 2017 DOM was at a mid level compared with January 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 January 2017 Selling Price per Square Foot of $ 142 was up 2.3 % from $ 139 last month and up 9.4 % from 130 in January of last year .
Days On Market for Sold Properties
90
80
72
72
70
63
60
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
114
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
14
15
16
17
Selling Price vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their
97 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
original list price . The lower the ratio is below 100 % the more of
96 %
95.2 %
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 94.0 % was down from 94.8 % last month and down
95 %
94 %
93.2 %
94.0 %
from 95.2 % in January of last year .
93 %
92 %
91 %
90 %
89 %
88 %
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
14
15
16
17
Inventory / New Listings / Sales
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 596 , up 41.9 % from 420 last month and down 0.2 % from 597 in January of last year .
1,800
1,600
1,400
1,200
1,000
800
600
400
200
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
14
15
16
17
1,633 1,557 1,495 1,453 1,405 1,410 1,453 1,446 1,467 1,499 1,481
130
3 Mo Avg
1,532 1,532 1,488 1,417 1,298 1,302 1,254 1,210 1,255 1,313 1,324 1,382
1,536 1,620 1,560 1,519 1,420 1,396 1,333 1,264 1,288 1,391 1,451 1,425 1,499
142
c o l d w e l l b a n k e r h o m e s . c o m | 125