Market Action Report
December 2017
Broward
County
Market Action Report
County: Broward
County: Broward
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
December 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
$325,000
Other
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM LY
Trending versus*:
Prior YTD Prior Year
YTD
0%
16%
$607,593 Trending
1% versus*:
13%
Trending versus*:
Month
LM 2%
L3M 2%
PYM 7%
LY 11% YTD
Prior YTD 9%
Prior Year 9%
$245,000
$240,000
$325,000
0% 10% 8%
16% 6% 10%
$319,237
$309,320
6%
7%
$607,593
1% -3% 13% -13%
11,105
$245,000 1,044
2% 7%
2% 7% -58%
11%
$240,000 24,036
9% -23% 9%
$319,237 10%
8%
6%
10%
$309,320
6% -15% 7%
75 -7% 0% 3% -11%
72
-14%
11,105 $198
-3% -1% -13%
2% 4% 5%
$198
6%
5%
1,044 7%
-58%
24,036 -23%
$164 4% 4% -1% 4%
$167
6%
6%
75 -7% 0% 3% -11%
72 -15%
-14%
10.6 -9% -5% 108% 82%
7.3
26%
26%
$198 -1% 2% 4% 5%
$198
6%
5%
93.5% -.2% -.5% -1.4% -1.6%
94.8%
-0%
-0%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
December
Median
Sales Price
Median
List Average
Price of all
Current
December
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
December
Sales
Price
December Median
Number
of Properties
Sold
December
Sales
Price
December Average
Average
Days
on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
December Number of Properties Sold
December Sold Price per Square Foot
December Average Days on Market (Solds)
December Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
December Sale Price vs List Price Ratio
December Sold Price per Square Foot
$164 4% 4% -1% 4%
$167
6%
6%
10.6 -9% -5% 108% 82%
7.3
26%
26%
Number of 94.8%
Properties
93.5% -.2% -.5% -1.4% -1.6%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Month's Supply of Inventory
December Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
3,500
December Property sales were 1,044, down 58.4% from 2,511 in
December of 2016 and 6.9% higher than the 977 sales last
3,000
Property
Sales 2017 sales were at their lowest level
month. December
3,500
December
sales were
1,044,
down
58.4%
from 2,511
compared Property
to December
of 2016
and
2015.
December
YTD in sales 2,500
December
2016
and 6.9%
higher
than last
the year's
977 sales
last
3,000
of 24,036 of are
running
22.8%
behind
year-to-date
2,000
month.
sales of December
31,140. 2017 sales were at their lowest level
compared to December of 2016 and 2015. December YTD sales
of 24,036 are running 22.8% behind last year's year-to-date
sales of 31,140.
3 Mo Avg
Number of Properties Sold
3 Mo Avg
2,500
1,500
2,000
1,000
10.2% from $289,595 last month. December 2017 ASP was at
the highest level compared to December of 2016 and 2015.
290
270
250
230
210
190
170
150
2,187
1,951
2,681
3,148
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 A M J J A S O N D
15
16
17
J F M A M J J A S Median
O N D J Sales
F M A Price
M J J and
A S O Average
N D J F Sales
M A M Price
J J A S O N D
3 Mo Avg
15
16
17
Prices
The Median Sales Price in December was $245,000, up 6.5%
from $230,000 in December of 2016 and up 2.1% from
Prices
The
Median last
Sales month.
Price in The
December
was
$245,000,
6.5%
$240,000
Average
Sales
Price in up
December
was
350
from
$230,000
in December
of 2016 in
and
up 2.1% from
$319,237,
up 6.1%
from $300,966
December
of 2016 and up
330
$240,000
last $289,595
month. The
Price in 2017
December
was at
10.2% from
last Average
month. Sales
December
ASP was
310
$319,237,
up level
6.1% from
$300,966
in December
of 2016
up
the highest
compared
to December
of 2016
and and
2015.
0
0
500
500
1,000
1,500
350
330
310
290
270
250
230
210
190
170
150
Median Sales Price and Average Sales Price
3 Mo Avg
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 A M J J A S O N D
15
16
17
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 A M J J A S O N D
15
16
17
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
14.0
0
2016 and 2015.
14.0 12.0
12.0 10.0
10.0 8.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of
18,000
December
was 11,105,
down 3.1%
from 11,458
month and
The
Total Inventory
of Properties
available
for sale last
as of
16,000
18,000
down 13.5%
12,833
December
of last
December
December
was from
11,105,
down in
3.1%
from 11,458
last year.
month
and
14,000
16,000
2017 13.5%
Inventory
at its
lowest level
with December
down
from was
12,833
in December
of compared
last year. December
12,000
2017
Inventory
was at its lowest level compared with December 14,000
of 2016
and 2015.
12,000
10,000
of 2016 and 2015.
10,000 8,000
A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000
6,000 4,000
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for sellers
a 10.6
MSI is better
December
2017 while
MSI of
4,000 2,000
higher
MSI
is
better
for
buyers.
The
December
2017
MSI
of
10.6
months was at its highest level compared with December of
2,000
months
was 2015.
at its highest level compared with December of
0
2016 and
8.0
6.0
4.0
2.0
0.0
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 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 A M J J A S O N D
15