CAR ARCHIVED June 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 June was 71 , down 41.3 % from 121 days last month and down 38.3 % from 115 days in June of last year . The June 2016 DOM was at its lowest level compared with
120
100
June 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 June 2016 Selling Price per Square Foot of $ 90 was up 3.5 % from $ 87 last month and up 8.0 % from 83 in June 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 June 2016 Selling Price vs Original List Price of 94.8 % was up from 93.2 % last month and up from 92.8 % in June 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 June 2016 was 61 , down 6.2 % from 65 last month and down 24.7 % from 81 in June of last year .
60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
500 450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
157
J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
13
14
15
16
115
Selling Price per Square Foot
81 83
J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
J
J
A
S
O N D
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F M A M
13
14
15
16
Selling Price versus Listing Price Ratio
91.5 %
J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
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A
S
O N D
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F M A M
13
14
15
16
419 445 438 427 409
373 393
Avg Selling Price divided by Avg Listing Price for sold properties during the month
387 415 407
92.8 %
Inventory / New Listings / Sales
432 430 434 431 439 450 432
382 357 347 348 349 343 369 367 369 373 348 331 305 301 293
3 Mo Avg
3 Mo Avg
3 Mo Avg
J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
13
14
15
16
310 309 307
71
J
90
J
94.8 %
J
307
J
c o l d w e l l b a n k e r h o m e s . c o m | 15