Market Action Report September 2017
Community Information | School District
Market Action Report September 2017
City : Miami
Price Range : All | Properties : SFH - Con
Trending versus *: |
Trending versus *: |
Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 426,000 |
1 % |
|
11 % |
|
|
|
|
Average List Price of all Current Listings |
$ 651,257 |
-1% |
|
14 % |
|
|
|
|
September Median Sales Price |
$ 300,000 |
-2% |
0 % |
9 % |
12 % |
$ 295,000 |
12 % |
10 % |
September Average Sales Price |
$ 351,633 |
-0% |
-1% |
9 % |
9 % |
$ 348,014 |
10 % |
8 % |
Total Properties Currently for Sale ( Inventory ) |
7,641 |
-4% |
|
-8% |
|
|
|
|
September Number of Properties Sold |
515 -47% |
-50% |
8,379 |
-11% |
September Average Days on Market ( Solds ) |
84 |
6 % |
2 % |
14 % |
8 % |
82 |
6 % |
5 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 304 |
1 % |
1 % |
8 % |
9 % |
$ 297 |
7 % |
6 % |
September Sold Price per Square Foot |
$ 237 |
5 % |
5 % |
17 % |
18 % |
$ 220 |
11 % |
9 % |
September Month ' s Supply of Inventory |
14.8 |
81 % |
40 % |
82 % |
79 % |
9.2 |
13 % |
11 % |
September Sale Price vs List Price Ratio |
93.5 % |
-. 7 % |
-. 6 % -1.0% -1.3% |
94.0 % |
-1% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400 September Property sales were 515 , down 49.6 % from 1,021 in
September of 2016 and 47.2 % lower than the 976 sales last 1,200 Property month . September Sales 2017 sales were at their lowest level 1,400
September compared Property to September sales were of 2016 515 , and down 2015 49.6 . % September from 1,021 YTD in 1,000 September sales of 8,379 of 2016 are and running 47.2 % 10.6 lower % behind than the last 976 year sales ' s year-to-date last 1,200 month sales . of September 9,368 . 2017 sales were at their lowest level
800 compared to September of 2016 and 2015 . September YTD 1,000 sales of 8,379 are running 10.6 % behind last year ' s year-to-date 600 sales of 9,368 .
800 400
600 200
400
Agent Name
Miami-Dade County Title
Phone Website Other
Community Information | School District
1,248 1,054 1,264 949 1,054 1,199 1,231 1,256
Number of Properties Sold
1,248 1,054 1,264 949 1,054 1,199 1,231 1,256 1,292 1,307 1,180 1,110 1,150 982 1,082 819 883 1,097 1,087 1,122 1,189 1,014 1,136 1,021 899 896 1,021 750 848 1,101 978 1,160 1,123 928 976 515
9,657 9,645 9,136 9,131 8,998 8,785 8,466 8,242 8,072 8,120
1,292 1,307 1,180
Number of Properties Sold
0
200 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in September was $ 300,000 , up 9.1 % 400
Prices from $ 275,000 in September of 2016 and down 1.8 % from Median Sales Price and Average Sales Price
380
3 Mo Avg The $ 305,500 Median last Sales month Price . in The September Average was Sales $ 300,000 Price in , up September 9.1 %
400 from was $ 275,000 351,633 , in up September 9.1 % from of $ 2016 322,259 and in down September 1.8 % from of 2016 and
360
380 $ down 305,500 0.2 last % from month $ 352,391 . The Average last month Sales . Price September in September 2017 ASP 340 was $ 351,633 , up 9.1 % from $ 322,259 in of 360
was at the highest level compared to September of 2016 and 320 down 0.2 % from $ 352,391 last month . September 2017 ASP 340 2015 .
300 was at the highest level compared to September of 2016 and 320 280
2015 . 300
260 280
240 260
220 240
200
220 200
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 14 15
16
17
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 14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The September Total Inventory was 7,641 of Properties , down 4.3 available % from 7,983 for sale last month of and
12,000 16.0
September down 8.2 % was from 7,641 8,328 , down in 4.3 September % from 7,983 of last last year month . September and 12,000
16.0 10,000
14.0 down 20178.2 Inventory % from 8,328 was at in its September lowest level of last compared year . September with September 10,000
14.0 12.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with September 8,000
12.0 10.0 of 2016 and 2015 .
8,000 6,000
10.0 8.0
6,000 8.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
6.0
6.0 A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 higher MSI is better for buyers . The September 2017 MSI of
2,000 4.0 higher 14.8 months MSI is better was at for its buyers highest . The level September compared 2017 with MSI September of 2,000
2.0
14.8 months was at its highest level compared with September 2.0 of 2016 and 2015 . 0
0.0 of 2016 and 2015 . 0
0.0 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 J F M A M J J A S 14 15
16 17
14 15 16
17
1,110 1,150 982 1,082 819 883 1,097 1,087 1,122
8,059 7,972 8,202 7,892 7,712 8,168 8,492 8,449 8,388 8,354 8,359 8,326 8,201 8,328 8,374 8,436 8,099 8,360 8,376 8,345 8,152 8,083 7,986 8,072 7,983 7,641
1,189 1,014 1,136 1,021 899 896 1,021 750 848
3 Mo Avg
9,657 9,645 9,136 9,131 8,998 8,785 8,466 8,242 8,072 8,120 8,059 7,972 8,202 7,892 7,712 8,168 8,492 8,449 8,388 8,354 8,359 8,326 8,201 8,328 8,374 8,436 8,099 8,360 8,376 8,345 8,152 8,083 7,986 8,072
1,101 978 1,160 1,123
3 Mo Avg
928
7,983
7,641 976 515
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Assoc
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