Broward County Community Information | School District
Broward County 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 February was 78 , up 4.0 % from 75 days last month and down 1.3 % from 79 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 $ 168 was up 1.0 % from $ 167 last month and up 7.2 % from 157 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 94.5 % was down from 94.6 % last month and down from 94.8 % in February of last year .
Days On Market for Sold Properties
100 |
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|
90
80
|
80 |
79 |
78 |
70 |
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60 |
|
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50 |
|
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40 |
|
|
|
30 |
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20 |
|
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10 |
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0 |
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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 |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
96 % 96 % 95 % 95 % 94 % 94 % 93 %
152
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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 |
14 |
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|
|
15 |
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16 |
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17 |
|
157
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
94.8 %
3 Mo Avg
3 Mo Avg
168
94.5 %
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 4,157 , down 8.2 % from 4,528 last month and down 14.4 % from 4,859 in February of last year .
93 % |
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M
A M J
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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 |
14 |
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15 |
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16 |
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17 |
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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
14,942 15,180 15,310 15,332 15,527 15,516 15,632 15,971 15,952 15,430 15,966 16,068 15,742 15,300 14,819 14,569 14,430 14,157 13,965
|
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 |
14 |
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15 |
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16 |
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17 |
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14,223 14,034 13,845
14,892 16,089 16,493 16,494 16,046 15,382 14,873 14,131
13,162 12,392 12,476 12,110 12,568 12,446 c o l d w e l l b a n k e r h o m e s . c o m | 89