Palm Bay Community Information | School District
Palm Bay 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 51 , up 37.8 % from 37 |
50 |
days last month and down 5.6 % from 54 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 $ 97 was up 0.0 % from $ 97 last month and up 21.2 % from 80 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 95.6 % was up from 95.3 % last month and up from 95.3 % 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 253 , up 31.8 % from 192 last month and down 9.6 % from 280 in January of last year .
20 10
Days On Market for Sold Properties
64
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 |
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15 |
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16 |
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17 |
Selling Price per Square Foot |
3 Mo Avg |
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 %
69
F |
M A M J |
J |
A |
S O N D |
J |
F M A M J |
J |
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S O N D |
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F M A M J |
J |
A |
S O N D |
J |
14 |
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15 |
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16 |
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Selling Price versus Listing Price Ratio
93.7 %
54
80
95.3 % 95.6 %
84 % |
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 |
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15 |
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16 |
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Inventory / New Listings / Sales |
700 600 500 400 300 200 100
637
600 567 589 584 572 596
Avg Selling Price divided by Avg Listing Price for sold properties during the month
553 542 545 540 563
509 463 444 432 432 450 437 421 440 450 436
3 Mo Avg
3 Mo Avg
489 450 458 433 415 426 429 442 458 462 481
439 407
51
97
0
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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 |
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15 |
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16 |
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148 | c o l d w e l l b a n k e r h o m e s . c o m