CAR ARCHIVED July 2016 | Page 15

Davie Community Information | School District

Davie 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 July was 89 , up 25.4 % from 71 days last month and down 42.6 % from 155 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 July 2016 Selling Price per Square Foot of $ 92 was up 2.7 % from $ 90 last month and down 5.3 % from 97 in July 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 July 2016 was 66 , up 6.5 % from 62 last month and down 10.8 % from 74 in July of last year .
200 180 160 140 120 100 80 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 July 2016 Selling Price vs Original List
Price of 95.8 % was up from 93.8 % last month and up from 91.1 %
94 %
92 %
in July 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
121
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
J
13
14
15
16
155
Selling Price per Square Foot
81
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
J
13
14
15
16
Selling Price versus Listing Price Ratio
92.7 %
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
J
13
14
15
16
445 438 427 409
373 393 387
Avg Selling Price divided by Avg Listing Price for sold properties during the month
415 407
432
Inventory / New Listings / Sales
430 434 431 439 450 432
382 357 347 348 349 343
369
97
91.1 %
367 369 373 348 331 305 301 293
3 Mo Avg
3 Mo Avg
3 Mo Avg
89
92
95.8 %
310 310 307 297
318
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
J
13
14
15
16
c o l d w e l l b a n k e r h o m e s . c o m | 15