Miami Community Information | School District
Miami 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 November was 87 , equal to 87 days last month and up 13.0 % from 77 days in November of last year . The November 2017 DOM was at a mid level compared with November 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 November 2017 Selling Price per Square Foot of $ 200 was down 2.5 % from $ 206 last month and up 4.6 % from 192 in November 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 November 2017 was 1,723 , down 8.4 % from 1,882 last month and up 0.7 % from 1,711 in November of last year .
100 90 80 70 60 50 40 30 20 10 0
250 240 230 220 210 200 190 180 170 160 150
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 |
96 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs |
95 % |
Original List Price of 93.8 % was up from 93.7 % last month and |
95 % |
down from 94.0 % in November of last year . |
94 % |
94 % 93 % 93 % 92 %
10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0
Days On Market for Sold Properties
76 77
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 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
190 192
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 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Selling Price versus Listing Price Ratio
95.4 %
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 14 15
16
17 Inventory / New Listings / Sales
9,221
9,210
D J
14 15
9,070 8,858 8,534 8,307
Avg Selling Price divided by Avg Listing Price for sold properties during the month
8,136 8,184 8,098 7,975 8,080 8,055 7,804 8,255 8,575 8,527 8,465 8,429 8,431 8,398 8,268 8,396 8,443
94.0 %
8,495 8,157 8,422 8,444 8,433 8,244 8,199 8,140 8,247
3 Mo Avg
3 Mo Avg
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 |
|
|
|
16 |
|
|
|
17 |
|
|
|
8,244 7,985 8,166
87
200
93.8 %
7,915 c o l d w e l l b a n k e r h o m e s . c o m | 111