FL ARCHIVED January 2017 | Page 103

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 January was 98 , up 12.6 % from 87 days last month and up 18.1 % from 83 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
120
100
80
60
40
93
83
98
20
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 January 2017 Selling Price per Square Foot of $ 253 was up 7.0 % from $ 237 last month and up 4.3 % from 243 in January 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 January 2017 Selling Price vs Original List Price of 92.7 % was down from 94.3 % last month and down from 94.4 % in January 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 January 2017 was 5,066 , up 46.0 % from 3,469 last month and down 1.8 % from 5,159 in January of last year .
0
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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
232
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Selling Price versus Listing Price Ratio
93.7 %
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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 D
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Inventory / New Listings / Sales
20,435 20,727 21,215 21,486 21,322 21,251
Avg Selling Price divided by Avg Listing Price for sold properties during the month
21,165 21,036 21,315 21,392 20,212 20,454 20,281 19,916 19,310 18,782 18,278 18,285 18,124 18,174 18,845 18,455 18,405
243
94.4 %
19,584 20,390 20,465 20,473 20,384 20,359 20,242 20,136 20,215
3 Mo Avg
20,272 20,468 19,558
253
92.7 %
19,903
5,000
0
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