Miami-Dade County Community Information | School District
Miami-Dade County Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 January was 92 , down 2.1 % from 94 days last month and down 4.2 % from 96 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 . |
100
95
90
85
80
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83 |
96 |
92 |
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75 |
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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 January 2018 Selling Price per Square Foot of $ 245 was up 2.6 % from $ 239 last month and up 6.5 % from 230 in January 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 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 January 2018 Selling Price vs Original List Price of 92.3 % was down from 93.2 % last month and down from 92.9 % in January 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 January 2018 was 5,024 , up 52.8 % from 3,289 last month and down 3.4 % from 5,199 in January of last year .
70 |
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 |
15 |
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16 |
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17 |
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18 |
Selling Price per Square Foot |
3 Mo Avg |
300 290 280 270 260 250 240 230 220 210 200
96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 %
241
F |
M A M J |
J |
A |
S O N D |
J |
F M A M J |
J |
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S O N D |
J |
F M A M J |
J |
A |
S O N D |
J |
15 |
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16 |
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17 |
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18 |
230
Selling Price versus Listing Price Ratio
94.4 %
91 % |
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 |
15 |
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16 |
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17 |
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18 |
Inventory / New Listings / Sales |
25,000
20,000
15,000
10,000
20,473 20,113 19,536 19,005 18,502 18,513
Avg Selling Price divided by Avg Listing Price for sold properties during the month
18,326 18,311 18,729 18,953 18,751 19,933 20,751 20,832 20,864 20,791 20,792 20,728 20,670 20,816 20,947 21,273 20,584
92.9 %
21,391 21,491 21,559 21,250 21,165 20,885 21,023 21,033 20,528
3 Mo Avg
21,249 20,890 20,143
245
92.3 %
20,548
5,000
0
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F
M A M J
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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 |
15 |
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16 |
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17 |
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18 |
c o l d w e l l b a n k e r h o m e s . c o m | 101