Miami-Dade County Community Information | School District
Miami-Dade County 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 August was 85 , down 3.4 % from 88 days last month and up 2.4 % from 83 days in August of last year . The August 2017 DOM was at a mid level compared with August of 2016 and 2015 .
120
100
80
60
40
20
Days On Market for Sold Properties
3 Mo Avg
86 83 85
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 August 2017 Selling Price per Square Foot of $ 245 was down 2.2 % from $ 250 last month and up 6.4 % from 230 in August 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 August 2017 Selling Price vs Original List Price of 93.3 % was up from 93.2 % last month and down from 94.1 % in August 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 August 2017 was 4,450 , up 4.0 % from 4,279 last month and up 1.4 % from 4,388 in August of last year .
0
300 290 280 270 260 250 240 230 220 210 200
96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 %
25,000
20,000
15,000
10,000
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 |
A |
14 |
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
Selling Price per Square Foot |
3 Mo Avg |
228 230
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 |
A |
14 |
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
Selling Price versus Listing Price Ratio
94.5 %
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 |
A |
14 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
21,076 21,359 21,433 20,256 20,501 20,329
Avg Selling Price divided by Avg Listing Price for sold properties during the month
19,967 19,368 18,849 18,355 18,365 18,210 18,268 18,930 18,561 18,514 19,708 20,522 20,602 20,624 20,557 20,561 20,489
94.1 %
20,426 20,558 20,687 21,014 20,312 21,113 21,185 21,205 20,863
3 Mo Avg
20,660 20,230 20,191
245
93.3 %
19,759
5,000
0
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 |
A |
14 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
c o l d w e l l b a n k e r h o m e s . c o m | 101