Miami-Dade County Community Information | School District
Miami-Dade 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 92 , down 5.2 % from 97 days last month and up 4.5 % from 88 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 . |
120
100
80
60
40
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93 |
88 |
92 |
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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 February 2017 Selling Price per Square Foot of $ 254 was up 2.3 % from $ 248 last month and up 6.8 % from 238 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 92.8 % was equal to 92.8 % last month and down from 94.5 % in February 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 February 2017 was 4,343 , down 15.7 % from 5,150 last month and down 16.1 % from 5,175 in February of last year .
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14 |
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15 |
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Selling Price per Square Foot |
3 Mo Avg |
300 290 280 270 260 250 240 230 220 210 200
96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 % 91 %
25,000
20,000
15,000
10,000
235
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S O N D |
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F M A M J |
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F M A M J |
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14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
93.8 %
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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 D |
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14 |
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17 |
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Inventory / New Listings / Sales |
20,735 21,224 21,495 21,332 21,261 21,175
Avg Selling Price divided by Avg Listing Price for sold properties during the month
21,049 21,328 21,402 20,222 20,465 20,290 19,926 19,326 18,801 18,297 18,305 18,146 18,202 18,875 18,487 18,442
19,627
238
94.5 %
20,430 20,505 20,518 20,438 20,422 20,314 20,221 20,315 20,394
3 Mo Avg
20,654 19,829 20,390
254
92.8 %
20,030
5,000
0
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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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14 |
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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 | 103