Melbourne Community Information | School District
Melbourne Community Information | School District
Market Time |
80 |
The average Days On Market ( DOM ) shows how many days the |
average Property is on the market before it sells . An upward |
70 |
|
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
|
60 |
Seller ' s market . The DOM for January was 55 , up 10.0 % from 50 |
50 |
days last month and down 5.2 % from 58 days in January of last |
year . The January 2017 DOM was at its lowest level compared |
40 |
with January of 2016 and 2015 . |
30 |
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 $ 129 was up 5.0 % from $ 123 last month and up 16.5 % from 111 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 94.9 % was up from 94.4 % last month and up from 94.5 % in January 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 January 2017 was 303 , up 58.6 % from 191 last month and up 3.8 % from 292 in January of last year .
20 10
Days On Market for Sold Properties
55
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
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
95
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 versus Listing Price Ratio
94.1 %
89 % |
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 |
900 800 700 600 500 400 300 200 100
0
773 769 736 774 763 759
704
Avg Selling Price divided by Avg Listing Price for sold properties during the month
671 688 681 631 642 648 664 660 663 665 643 622 624 659 676 667
58
111
94.5 %
686 670 634 641
593 652 635 605 582
3 Mo Avg
3 Mo Avg
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 |
604 611
572
55
129
94.9 %
548
144 | c o l d w e l l b a n k e r h o m e s . c o m