CAR ARCHIVED May 2017 | 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 May was 102 , down 29.7 % from
145 days last month and down 17.7 % from 124 days in May of last year . The May 2017 DOM was at its lowest level compared with
120
100
May of 2016 and 2015 .
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 May 2017 Selling Price per Square Foot of $ 95 was up 7.1 % from $ 89 last month and up 9.5 % from 87 in May 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 May 2017 Selling Price vs Original List Price of 91.4 % was up from 89.5 % last month and down from 93.1 % in May 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 %
Days On Market for Sold Properties
120 124
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Selling Price per Square Foot
102
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S O N D
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F M A M J
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.4 %
87
93.1 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
102
95
91.4 %
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 May 2017 was 93 , up 43.1 % from 65 last month and up 45.3 % from 64 in May of last year .
84 %
500 450 400 350 300 250 200 150 100 50 0
J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M
14
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16
17
430 434 431 439 450 432
382 357 347 348
Inventory / New Listings / Sales
349
343 369 367 369 373 350 334
308
J
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A
S O N D
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F M A M J
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F M A M
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