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 February was 89 , equal to 89 days last month and up 4.7 % from 85 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 . |
100
95
90
85
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89 |
85 |
89 |
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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 February 2017 Selling Price per Square Foot of $ 188 was up 3.2 % from $ 182 last month and up 13.1 % from 166 in February 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 February 2017 Selling Price vs Original List Price of 92.7 % was up from 92.5 % last month and up from 92.4 % in February 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 %
156
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166
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.4 % 92.4 %
3 Mo Avg
188
92.7 %
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 February 2017 was 3,944 , down 14.3 % from 4,601 last month and down 9.6 % from 4,361 in February 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
15,781 15,338 15,059 14,963 14,447 14,302 14,416 14,860 14,730 14,504 15,496 15,867 15,410 15,029 14,290 13,859 13,639 13,112 13,072
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13,955 14,001 13,787
15,031 15,987 15,978 16,074 15,163 14,661 14,156 13,471 13,699 13,429 13,546 13,207 13,457 13,701 c o l d w e l l b a n k e r h o m e s . c o m | 121