Market Action Report
October 2017
Fort Lauderdale/Fort Lauderdale Beach
City: Fort Lauderdale
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 October was 78, down 32.8% from
116 days last month and down 28.4% from 109 days in October
of last year. The October 2017 DOM was at its lowest level
compared with October of 2016 and 2015.
3 Mo Avg
140
120
109
100
91
78
80
60
40
20
0
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
14
15
16
17
Selling Price per Square Foot
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 October 2017 Selling Price per Square Foot of $242 was up
2.5% from $236 last month and up 2.6% from 236 in October of
last year.
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
248
242
236
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
14
15
16
17
Selling Price versus Listing Price Ratio
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 October 2017 Selling Price vs Original
List Price of 94.9% was up from 91.9% last month and up from
93.3% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94.9%
95%
94.2%
94%
93.3%
93%
92%
91%
90%
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
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
2,000
2,500
3,000
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 October 2017 was 169, up 87.8% from 90 last month and
down 71.0% from 582 in October of last year.
1,