Palm Bay Community Information | School District
Palm Bay 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 45 , up 2.3 % from 44 days last month and up 9.8 % from 41 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 . |
70 60 50 40 30 20 |
Days On Market for Sold Properties
46
41
|
3 Mo Avg
45
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|
10 |
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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 $ 109 was up 1.9 % from $ 107 last month and up 13.4 % from 96 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 222 , down 9.0 % from 244 last month and down 6.7 % from 238 in November of last year .
0
150 140 130 120 110 100 90 80 70 60 50
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 |
98 % |
original list price . The lower the ratio is below 100 % the more of |
97 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more |
96 % |
|
of a Seller ' s market . The November 2017 Selling Price vs
Original List Price of 95.7 % was up from 95.6 % last month and
|
95 % |
equal to 95.7 % in November of last year . |
94 % |
93 % |
92 % 91 % 90 % 89 %
600 500 400 300 200 100
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
80
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 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
96.0 %
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
542 565
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96
3 Mo Avg
109
95.7 % 95.7 %
513 466 446 434 434 452 439 423 444 454 440
493 454 459 436 418 429 432 445 464 477
506 476 477 470 460 441
413 453
483 509 502
474 443
0 D J 14 15
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 |
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16 |
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17 |
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144 | c o l d w e l l b a n k e r h o m e s . c o m