Market Action Report
City: Coral Springs
June 2017
Coral Springs
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 June was 44, down 10.2% from 49
days last month and down 51.1% from 90 days in June of last
year. The June 2017 DOM was at its lowest level compared with
June of 2016 and 2015.
100
3 Mo Avg
90
90
80
70
58
60
44
50
40
30
20
10
0
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
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 June 2017 Selling Price per Square Foot of $161 was up 0.8%
from $159 last month and up 9.2% from 147 in June of last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
161
147
139
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
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 June 2017 Selling Price vs Original List
Price of 97.2% was up from 96.5% last month and up from 97.0%
in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97.2%
97.0%
97%
96.4%
96%
95%
94%
93%
92%
91%
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
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
600
800
1,000
1,200
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 June 2017 was 264