FL ARCHIVED April 2017 | Page 81

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 April was 168 , down 8.2 % from 183 days last month and up 46.1 % from 115 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
250
200
150
100
149
115
168
50
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 April 2017 Selling Price per Square Foot of $ 675 was down 9.0 % from $ 742 last month and down 14.6 % from 790 in April of last year .
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Selling Price per Square Foot
3 Mo Avg
824 790
675
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 April 2017 Selling Price vs Original List Price of 86.3 % was up from 85.9 % last month and down from 89.1 % in April 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 April 2017 was 551 , down 24.2 % from 727 last month and down 13.2 % from 635 in April of last year .
600
94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
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Selling Price versus Listing Price Ratio
90.0 %
78 %
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Inventory / New Listings / Sales
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
500
0
2,640 2,618 2,640 2,663 2,645 2,721
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,791 2,693 2,750 2,843 2,859 2,870 2,831 2,825 2,849 2,919 3,026 3,177 3,273
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3,372
3,681 3,927 4,025
89.1 %
4,097 4,078 4,073 4,011 3,972 3,989 3,974 4,113 4,019
3 Mo Avg
4,202 4,264 4,408
86.3 %
4,385
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