West Palm Beach Community Information | School District
West Palm Beach Community Information | School District
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 November was 90 , up 2.3 % from 88 days last month and up 12.5 % from 80 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 . |
120
100
80
60
40
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Days On Market for Sold Properties
90
80
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3 Mo Avg
90
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20 |
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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 November 2017 Selling Price per Square Foot of $ 152 was up 3.5 % from $ 147 last month and up 14.6 % from 132 in November 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 November 2017 was 604 , down 4.1 % from 630 last month and down 10.5 % from 675 in November of last year .
0
200 190 180 170 160 150 140 130 120 110 100
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 95 % original list price . The lower the ratio is below 100 % the more of
94 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs 93 % Original List Price of 93.1 % was down from 93.2 % last month
92 % and down from 93.4 % in November of last year . 91 % 90 % 89 % 88 %
3,000 2,500 2,000 1,500 1,000
500
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 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
120
F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
93.2 %
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 14 15
16
17 Inventory / New Listings / Sales
2,547 2,683 2,746 2,660 2,540 2,458
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,365 2,313 2,241 2,200 2,299 2,315 2,257
2,405 2,548 2,501 2,559 2,450 2,404 2,334 2,262 2,349 2,314
132
93.4 %
2,402
2,318 2,448 2,493 2,464 2,408 2,261 2,252 2,158
3 Mo Avg
2,157 2,065 2,044
152
93.1 %
2,112
0 D J 14 15
F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 133