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 March was 73 , down 6.4 % from 78 days last month and down 7.6 % from 79 days in March of last year . The March 2017 DOM was at its lowest level compared with March 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 March 2017 Selling Price per Square Foot of $ 175 was down 1.1 % from $ 177 last month and up 12.8 % from 155 in March 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 March 2017 Selling Price vs Original List Price of 94.8 % was up from 94.6 % last month and equal to 94.8 % in March of last year .
Days On Market for Sold Properties
100 |
|
|
90 |
82 |
79 |
80 |
73 |
70 |
60 |
50 |
40 |
30 |
20 |
10 |
0 |
|
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 M |
14 |
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|
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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 %
156 155
|
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 M |
14 |
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|
|
15 |
|
|
|
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16 |
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|
17 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
3 Mo Avg
3 Mo Avg
175
94.8 % 94.8 %
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 March 2017 was 4,644 , up 16.4 % from 3,991 last month and down 0.9 % from 4,685 in March of last year .
93 % |
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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 M |
14 |
|
|
15 |
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|
|
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
15,185 15,314 15,337 15,533 15,522 15,639 15,979 15,962 15,440 15,978 16,081 15,756 15,314 14,832 14,582 14,449 14,178 13,986 14,246
|
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 M |
14 |
|
|
15 |
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|
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16 |
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|
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17 |
|
14,056 13,876
14,930 16,126 16,542 16,548 16,111 15,454 14,957 14,242 13,284 12,535 12,610 12,254 12,754 12,718 12,326 c o l d w e l l b a n k e r h o m e s . c o m | 89