FL ARCHIVED March 2017 | Page 148

Market Action Report
City: Palm Bay
Palm Bay
March 2017
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 March was 50, up 13.6% from 44
days last month and up 8.7% from 46 days in March of last year.
The March 2017 DOM was at a mid level compared with March
of 2016 and 2015.
3 Mo Avg
70
60
60
50
46
50
40
30
20
10
0
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Selling Price per Square Foot
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 March 2017 Selling Price per Square Foot of $100 was up
1.8% from $98 last month and up 14.3% from 88 in March of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
100
88
69
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Selling Price versus Listing Price Ratio
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 March 2017 Selling Price vs Original
List Price of 95.3% was up from 95.1% last month and equal to
95.3% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96%
95.3%
95.0%
95%
95.3%
94%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
300
400
500
600
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 March 2017 was 260, up 7.9% from 241 last month and down
9.7% from 288 in March of last year.
200
100
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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