FL ARCHIVED December 2017 | Page 91

Fort Lauderdale / Fort Lauderdale Beach Community Information | School District

Fort Lauderdale / Fort Lauderdale Beach 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 December was 80 , down 22.3 % from 103 days last month and down 11.1 % from 90 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
83
90
3 Mo Avg
80
20
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 December 2017 Selling Price per Square Foot of $ 221 was down 3.8 % from $ 229 last month and down 16.1 % from 263 in December 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
96 %
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
95 %
of a Seller ' s market . The December 2017 Selling Price vs
94 %
Original List Price of 91.8 % was equal to 91.8 % last month and down from 93.7 % in December of last year .
93 %
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 December 2017 was 134 , down 25.1 % from 179 last month and down 70.2 % from 450 in December of last year .
0
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Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
92 % 91 % 90 %
258
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F M A M J
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263
Selling Price versus Listing Price Ratio
94.6 %
89 %
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F M A M J
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A S O N D
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Inventory / New Listings / Sales
3,000 2,500 2,000 1,500 1,000
500
2,531
2,611 2,474 2,449 2,387 2,336
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,325 2,274 2,250 2,338 2,399 2,331
2,510 2,741 2,742 2,753 2,694 2,627 2,546 2,487 2,363 2,380 2,392
93.7 %
2,331 2,483 2,446 2,444 2,299 2,206 2,172 2,164 2,089
3 Mo Avg
2,063 2,092 2,110
221
91.8 %
2,077
0
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