FL ARCHIVED May 2017 | Page 143

Market Action Report May 2017
Community Information | School District
Market Action Report May 2017

City : Melbourne

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 284,900
0 %
4 %
Average List Price of all Current Listings
$ 347,408
1 %
4 %
May Median Sales Price
$ 232,250
10 %
5 %
11 %
13 %
$ 220,000
13 %
7 %
May Average Sales Price
$ 256,087
6 %
3 %
5 %
9 %
$ 249,889
11 %
6 %
Total Properties Currently for Sale ( Inventory )
574
4 %
-3%
May Number of Properties Sold
262
20 %
-6%
1,093
-5%
May Average Days on Market ( Solds )
39 -17% -15% -20% -20%
48
-8%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 143
3 %
3 %
5 %
10 %
$ 139
9 %
7 %
May Sold Price per Square Foot
$ 131
2 %
2 %
11 %
10 %
$ 128
12 %
8 %
May Month ' s Supply of Inventory
2.2 -13% -5%
3 %
-19%
2.7
-9%
-2%
May Sale Price vs List Price Ratio
96.8 %
1.0 % 1.2 % 2.1 % 1.7 %
95.5 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
350
May Property sales were 262 , down 5.8 % from 278 in May of
2016 and 19.6 % higher than the 219 sales last month . May 2017
300
Number of Properties Sold
3 Mo Avg
Property sales were Sales at a mid level compared to May of 2016 and 2015 .
350
May
May Property YTD sales sales of were 1,093262 are , down running 5.8 % 5.4 from % behind 278 in last May year of ' s yearto-date
250
and sales 19.6 % of higher 1,156 . than the 219 sales last month . May 2017
2016 sales were at a mid level compared to May of 2016 and 2015 . May YTD sales of 1,093 are running 5.4 % behind last year ' s yearto-date sales of 1,156 .
300
250
200
150
200
100
150
100
50
50
0
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
F M A M
0
14
15
16
17
Prices
The Median Sales Price in May was $ 232,250 , up 10.6 % from
Prices
$ 210,000 in May of 2016 and up 10.1 % from $ 211,000 last
The month Median . The Sales Average Price Sales in May Price was $ in 232,250 May was , up $ 256,087 10.6 % from , up 5.5 %
300
$ from 210,000 $ 242,793 in May in of May 2016 of and 2016 up 10.1 and % up from 5.9 % $ 211,000 from $ 241,731 last last . The Average Sales Price in May was $ 256,087 , up 5.5 %
280 month . May 2017 ASP was at the highest level compared to May from $ 242,793 in May of 2016 and up 5.9 % from $ 241,731 last
260 of 2016 and 2015 . month . May 2017 ASP was at the highest level compared to May
240 of 2016 and 2015 .
220
200
180
160
140
120
100
J
J
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
14
15
16
17
3 Mo Avg
300
Median Sales Price and Average Sales Price
280
3 Mo Avg
260
240
220
200
180
160
140
120
100
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
F M A M
J
J
14
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 574 , Inventory up 4.2 % from of Properties 551 last available month and for down sale as 3.0 of % May from 592 was in May 574 , up of last 4.2 % year from . May 551 last 2017 month Inventory and down was at 3.0 its % lowest from 592 level
900 in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its lowest level
800
900
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.5
4.0
4.5
4.0
3.5
compared with May of 2016 and 2015 .
700
600
3.5
3.0
600
500
3.0
2.5
500
400
2.5
2.0
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The May 2017 MSI of 2.2 higher MSI is better for buyers . The May 2017 MSI of 2.2
200 months was at a mid level compared with May of 2016 and 2015 . months was at a mid level compared with May of 2016 and 2015 .
100
0
300
2.0
200
1.5
100
1.0
0.5
0
0.0
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
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
F M A M
14
15
16
17
14
15
16
17
1.5
1.0
0.5
0.0
219 237 261 218 225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 285 237 253 209 199 230 182 176 254 219 262
763
219 237 261 218 225 177 235 180 204 254
759
704 763
671 759
688 704
681 671
631 688
642 681
648 631 664
642 660
648 663
664 665
660 643
663 622
665 624
643 659 676
622
667 624
685 659
669 676
633 667
636 685
592 669
216 260 270 279 247 227 197 192 207 174 182 633 653
262 636 636
260 592 605
278 653 582
291 636 610
285 605
623 237 582
593 585
253 610
555 209 623
559 199 593 551
230 585 574
182 555
176 559
254
551 219
574
262
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 Asso 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 .
c o l d w e l l b a n k e r h o m e s . c o m | 143