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 January was 76 , up 4.1 % from 73 days last month and down 2.6 % from 78 days in January of last year . The January 2017 DOM was at its lowest level compared with January 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 January 2017 Selling Price per Square Foot of $ 169 was down 1.6 % from $ 172 last month and up 8.9 % from 155 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 94.5 % was down from 94.9 % last month and down from 94.7 % in January of last year .
Days On Market for Sold Properties
100 |
|
|
|
|
90
80
|
80 |
78 |
76 |
70 |
|
|
|
60 |
|
|
|
50 |
|
|
|
40 |
|
|
|
30 |
|
|
|
20 |
|
|
|
10 |
|
|
|
0 |
|
|
|
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 D |
J |
14 |
|
|
|
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15 |
|
|
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|
16 |
|
|
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|
17 |
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 %
145
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 D |
J |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
155
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
94.7 %
3 Mo Avg
3 Mo Avg
169
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 January 2017 was 4,700 , up 48.3 % from 3,170 last month and down 3.8 % from 4,885 in January of last year .
93 % |
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 D |
J |
14 |
|
|
|
15 |
|
|
|
16 |
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|
|
17 |
Inventory / New Listings / Sales |
18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000
0
14,780 14,938 15,175 15,304 15,327 15,522 15,511 15,627 15,966 15,946 15,424 15,961 16,064 15,739 15,297 14,815 14,562 14,424 14,142
|
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 D |
J |
14 |
|
|
15 |
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16 |
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|
|
17 |
13,949 14,203 14,006 13,814
14,854 16,045 16,435 16,427 15,967 15,295 14,769 14,023
13,039 12,248 12,300 11,912 12,327 c o l d w e l l b a n k e r h o m e s . c o m | 89