CAR ARCHIVED December 2016 | Page 15

Davie Community Information | School District

Davie Community Information | School District

Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
140
Seller ' s market . The DOM for December was 127 , up 7.6 % from
118 days last month and down 14.8 % from 149 days in December of last year . The December 2016 DOM was at its lowest level
120
100
compared with December of 2015 and 2014 .
80
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 2016 Selling Price per Square Foot of $ 91 was up 2.7 % from $ 88 last month and up 8.1 % from 84 in December 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 December 2016 was 33 , down 19.5 % from 41 last month and down 26.7 % from 45 in December of last year .
60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
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
98 %
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 December 2016 Selling Price vs Original
List Price of 91.9 % was up from 91.1 % last month and up from
94 %
92 %
89.4 % in December of last year .
90 %
88 % 86 % 84 % 82 % 80 %
500 450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
155
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 D
14
15
16
149
Selling Price per Square Foot
83 84
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 D
14
15
16
Selling Price versus Listing Price Ratio
90.8 %
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 D
14
15
16
393
387 415 407 432 430 434
Avg Selling Price divided by Avg Listing Price for sold properties during the month
431 439 450
89.4 %
Inventory / New Listings / Sales
432
382 357 347 348 349 343 369 367 369 373 348 332 306 303 295 312 313 309 300 303 301
3 Mo Avg
3 Mo Avg
3 Mo Avg
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 D
14
15
16
272 284
242
127
91
91.9 %
240 c o l d w e l l b a n k e r h o m e s . c o m | 15