-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
December 2014 4,076 12.1%
0.7%
16.1%
November 2014 3,084
October 2014 4,084
12.2%
1.6%
12.2%
1.2%
6.1%
-0.8%
April 2014 3,967
March 2014 3,561
4.0%
2.1%
-2.5%
Economists' note : Closed Sales are one of the simplestyet
mostimportantindicators for the residential real estate market.
Whencomparing Closed Sales across markets of different sizes,
we
recommend using the year-over-year percent changes rather than
the
absolute counts. Realtors and their clients should also be wary
of
month-to-month comparisons of Closed Sales because of
potential
seasonal effects.
September 2014 3,827
August 2014 3,952
July 2014 4,260
February 2014 2,757
January 2014 2,798
June 2014 4,341
May 2014 4,196
$397,060 9.2%
51 46 10.9%
5,019 3.3%
$260,000 $250,000 4.0%
7,685 7,208 6.6%
January 2014Percent Change
Year-over-Year
1,265 1,363 -7.2%
2,983 2,798 6.6%
Summary Statistics
Closed Sales
Paid in Cash
$433,483
January 2015
5,183New Pending Sales
New Listings
Median Sale Price
January 2015
Average Sale Price
Median Days on Market
93.5%
11,025
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
21,021
Months Supply of Inventory 5.6
-1.4%
12,054 -8.5%
Percent Change
Year-over-Year
6.6%
17,942 17.2%
Closed Sales
2,983
94.8%
5.1 10.4%
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 J F M A M J J A S O N D J
Monthly Market Detail - January 2015
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
2,100
2,600
3,100
3,600
4,100
4,600
Clo
sed
Sal
es
2011 2012 2013 2014
Closed Sales The number of sales transactions which closed
during the month
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
February 2014 48.7% -4.0%
January 2014 48.7% -0.4%
April 2014 44.4% -5.8%
March 2014 46.3% 1.7%
Economists' note : This statistic is simply another way of
viewing
Cash Sales. The remaining percentages of Closed Sales (i.e.
those not
paid fully in cash) each month involved some sort of financing,
such as
mortgages, owner/seller financing, assumed loans, etc.
September 2014 39.2% -10.4%
August 2014 41.0% -4.1%
July 2014 38.6% -10.5%
June 2014 41.9% -1.3%
May 2014 42.6% -8.5%
November 2014 41.9% -7.9%
October 2014 39.3% -15.2%
January 2015 42.4% -12.9%
December 2014 41.1% -4.2%
January 2014 1,363 -1.2%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
March 2014 1,649 3.8%
February 2014 1,344 -6.4%
May 2014 1,788 -7.5%
April 2014 1,760 -2.0%
October 2014 1,607 -1.5%
Economists' note : Cash Sales can be a useful indicator of the
extent to
which investors are participating in the market. Why? Investors
are
far more likely to have the funds to purchase a home available
up front,
whereas the typical homebuyer requires a mortgage or some
other
form of financing. There are, of course, many possible
exceptions, so
this statistic should be interpreted with care.
September 2014 1,501 0.5%
August 2014 1,621 -2.6%
July 2014 1,646 -5.1%
June 2014 1,817 10.7%
December 2014 1,677 7.4%
November 2014 1,292 -7.3%
Month Cash SalesPercent Change
Year-over-Year
January 2015 1,265 -7.2%
28%
33%
38%
43%
48%
53%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
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 J F M A M J J A S O N D J
900
1,100
1,300
1,500
1,700
1,900
2,100
Cas
h S
ale
s
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 J F M A M J J A S O N D J
Monthly Market Detail - January 2015
2011 2012 2013 2014
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
Cash Sales The number of Closed Sales during the month in which
buyers exclusively paid in cash
2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of
Closed Sales during the month which were Cash Sales
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
Economists' note : Because of the typical length of time it
takes for a
sale to close, economists consider Pending Sales to be a
decent
indicator of potential future Closed Sales. It is important to
bear in
mind, however, that not all Pending Sales will be closed
successfully.
So, the effectiveness of Pending Sales as a future indicator of
Closed
Sales is susceptible to changes in market conditions such as
the
availability of financing for homebuyers and the inventory
of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new
listings
will eventually rise as sellers raise their estimations of
value. But this
increase will take place only after the market has turned up, so
New
Listings are a lagging indicator of the health of the market.
Also be
aware of properties which have been withdrawn from the market
and
then relisted. These are not really New Listings.
March 2014
February 2014
January 2014
August 2014
July 2014
June 2014
May 2014
April 2014
May 2014
June 2014
July 2014
August 2014
September 2014
January 2015
December 2014
November 2014
October 2014
September 2014 5,265
5,352
5,396
5,539
5,901
5,330
Percent Change
Year-over-YearNew Pending Sales
5,183
4,114
4,627
13.9%
0.1%
3.8%
-1.3%
-3.5%
15.3%7,001
6,061
5,899
4,955
5,019
-4.1%
-2.7%
17.8%6,849
11.8%6,860
7.1%6,811
12.3%6,747
19.0%6,850March 2014
12.5%7,081April 2014
13.7%7,208January 2014
13.0%6,409February 2014
11.0%7,279October 2014
2.9%5,729November 2014
Month
MonthPercent Change
Year-over-YearNew Listings
9.6%5,422December 2014
6.6%7,685January 2015
-8.4%
-6.4%
3.3%
2.3%
8.8%
4.6%
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 J F M A M J J A S O N D J
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 J F M A M J J A S O N D J
3,900
4,900
5,900
6,900
7,900
Ne
w L
isti
ngs
3,400
4,400
5,400
6,400
7,400
Pe
nd
ing
Sale
s Monthly Market Detail - January 2015
2011 2012 2013 2014
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
New Pending Sales The number of property listings that went from
"Active" to "Pending" status during the month
2011 2012 2013 2014
New Listings The number of properties put onto the market during
the month
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
February 2014 $436,946 13.9%
January 2014 $397,060 33.3%
April 2014 $419,235 3.9%
March 2014 $433,807 15.6%
Economists' note : As noted above, we prefer Median Sale Price
over
Average Sale Price as a summary statistic for home prices.
However,
Average Sale Price does have its usesparticularly when it is
analyzedalongside the Median Sale Price. For one, the relative
difference
between the two statistics can provide some insight into the
market for
higher-end homes in an area.
September 2014 $369,817 2.0%
August 2014 $403,184 7.1%
July 2014 $428,905 9.7%
June 2014 $462,731 5.4%
May 2014 $481,218 19.5%
November 2014 $384,101 3.2%
October 2014 $381,334 0.4%
December 2014 $429,306 8.5%
February 2014 $258,000 17.3%
January 2014 $250,000 16.6%
Average Sale PricePercent Change
Year-over-Year
January 2015 $433,483 9.2%
Month
April 2014 $265,000 6.0%
March 2014 $264,750 10.3%
Economists' note : Median Sale Price is our preferred
summary
statistic for price activity because, unlike Average Sale Price,
Median
Sale Price is not sensitive to high sale prices for small
numbers of
homes that may not be characteristic of the market area.
September 2014 $265,000 3.1%
August 2014 $270,000 3.8%
July 2014 $275,000 5.8%
June 2014 $275,000 5.8%
May 2014 $271,000 8.4%
November 2014 $259,900 0.3%
October 2014 $265,000 3.9%
December 2014 $272,000 2.6%
Median Sale PricePercent Change
Year-over-Year
January 2015 $260,000 4.0%
Month
$270K
$320K
$370K
$420K
$470K
$520K
Ave
rage
Sal
e
Pri
ce
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 J F M A M J J A S O N D J
$150K
$200K
$250K
$300K
Me
dia
n S
ale
Pri
ce
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 J F M A M J J A S O N D J
Monthly Market Detail - January 2015
2011 2012 2013 2014
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
Median Sale Price The median sale price reported for the month
(i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014
Average Sale Price The average sale price reported for the month
(i.e. total sales in dollars divided by the number of sales)
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
February 2014 94.7% 1.7%
January 2014 94.8% 1.7%
April 2014 94.3% 0.1%
March 2014 93.9% -0.5%
Economists' note : The Average Percent of Original List Price
Received
is an indicator of market conditions, in that in a recovering
market, the
measure rises as buyers realize that the market may be moving
away
from them and they need to match the selling price (or better
it) in
order to get a contract on the house. This is usually the last
measure to
indicate a market that has shifted from down to up, and is
another
lagging indicator.
September 2014 94.3% -1.3%
August 2014 94.1% -1.3%
July 2014 94.3% -1.3%
June 2014 94.1% -1.1%
May 2014 93.9% -0.4%
November 2014 93.4% -1.9%
October 2014 94.2% -1.4%
December 2014 93.7% -1.6%
February 2014 49 -16.9%
January 2014 46 -23.3%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
January 2015 93.5% -1.4%
Month
April 2014 44 -18.5%
March 2014 47 -14.5%
Economists' note : Median Days on Market is the amount of time
the
"middle" property selling this month was on the market. That is,
50%
of homes selling this month took less time to sell, and 50% of
homes
took more time to sell. We use the median rather than the
average
because the median is not particularly sensitive to sales of
homes that
took an unusually large amount of time to sell relative to the
vast
majority of homes in the market.
September 2014 46 24.3%
August 2014 45 18.4%
July 2014 46 27.8%
June 2014 44 10.0%
May 2014 45 -15.1%
November 2014 49 25.6%
October 2014 48 20.0%
December 2014 48 23.1%
Median Days on
Market
Percent Change
Year-over-Year
January 2015 51 10.9%
Month
75%
80%
85%
90%
95%
100%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
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
S O N D J F M A M J J A S O N D J
0
20
40
60
80
100
Me
dia
n D
ays
on
M
arke
t
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 J F M A M J J A S O N D J
Monthly Market Detail - January 2015
2011 2012 2013 2014
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
Median Days on Market The median number of days that properties
sold during the month were on the market
2011 2012 2013 2014
Average Percent of Original List Price Received The average of
the sale price (as a percentage of the original list price) across
all properties selling during the month
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
February 2014 5.3 7.3%
January 2014 5.1 2.0%
April 2014 5.4 19.5%
March 2014 5.3 13.1%
Economists' note : This is an indicator of the state of the
market,
whether it is a buyers' market or a sellers' market. The
benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5
Months of
Inventory. Higher numbers indicate a buyers' market, lower
numbers
a sellers' market.
September 2014 5.5 21.7%
August 2014 5.5 26.1%
July 2014 5.4 28.0%
June 2014 5.4 29.0%
May 2014 5.4 22.8%
November 2014 5.5 12.6%
October 2014 5.6 19.3%
December 2014 5.4 10.3%
February 2014 18,671 14.2%
January 2014 17,942 9.2%
Months SupplyPercent Change
Year-over-Year
January 2015 5.6 10.4%
Month
April 2014 19,133 25.7%
March 2014 18,796 19.8%
Economists' note : There are a number of ways to calculate
Inventory,
so these numbers may not match up to others you see in your
market.
We calculate Inventory by counting the number of active listings
on the
last day of the month, and hold this number to compare with the
same
month the following year.
September 2014 20,054 25.5%
August 2014 19,832 30.1%
July 2014 19,679 32.5%
June 2014 19,428 34.5%
May 2014 19,190 27.5%
November 2014 20,478 18.3%
October 2014 20,556 24.6%
December 2014 20,170 16.5%
InventoryPercent Change
Year-over-Year
January 2015 21,021 17.2%
Month
14,300
19,300
24,300
29,300
34,300
Inve
nto
ry
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 J F M A M J J A S O N D J
Monthly Market Detail - January 2015
2011 2012 2013 2014
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
Inventory (Active Listings) The number of property listings
active at the end of the month
3.0
5.0
7.0
9.0
11.0
13.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months
it will take to deplete the current Inventory given recent sales
rates
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 J F M A M J J A S O N D J
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
$100,000 - $149,999 391 5.4%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 45 -13.5%
$50,000 - $99,999 204 -13.6%
$150,000 - $199,999 406 5.5%
$200,000 - $249,999 362 9.4%
$50,000 - $99,999 50 11.1%
$100,000 - $149,999
$400,000 - $599,999 342 8.2%
$600,000 - $999,999 170 -2.9%
50 22.0%
Economists' note : Closed Sales are one of the simplestyet
mostimportantindicators for the residential real estate market.
Whencomparing Closed Sales across markets of different sizes,
we
recommend using the year-over-year percent changes rather than
the
absolute counts. Realtors and their clients should also be wary
of
month-to-month comparisons of Closed Sales because of
potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 31 -20.5%
$1,000,000 or more 181 6.5%
$250,000 - $299,999 375 14.7%
$300,000 - $399,999 507 16.6%
Economists' note: Median Days on Market is the amount of time
the
"middle" property selling this month was on the market. That is,
50%
of homes selling this month took less time to sell, and 50% of
homes
took more time to sell. We use the median rather than the
average
because the median is not particularly sensitive to sales of
homes that
took an unusually large amount of time to sell relative to the
vast
majority of homes in the market.
$150,000 - $199,999 39 -2.5%
$200,000 - $249,999 49 25.6%
$250,000 - $299,999
$400,000 - $599,999 62 19.2%
46 43.8%
$300,000 - $399,999 48 11.6%
$600,000 - $999,999 72 -7.7%
$1,000,000 or more 97 -8.5%
0
20
40
60
80
100
120
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
January 2014 January 2015
0
20
40
60
80
100
120
0
100
200
300
400
500
600
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
January 2014 January 2015
0
100
200
300
400
500
600
Monthly Market Detail - January 2015
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
Closed Sales by Sale Price The number of sales transactions
which closed during the month
Median Days on Market by Sale Price The median number of days
that properties sold during the month were on the market
-
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 72 -23.4%
$50,000 - $99,999 393 -14.0%
$100,000 - $149,999 689 -4.0%
Economists' note: In a recovering market, we expect that new
listings
will eventually rise as sellers raise their estimations of
value. But this
increase will take place only after the market has turned up, so
New
Listings are a lagging indicator of the health of the market.
Also be
aware of properties which have been withdrawn from the market
and
then relisted. These are not really New Listings.
$150,000 - $199,999 848 -0.5%
$200,000 - $249,999 738 10.6%
$250,000 - $299,999 909 13.5%
$300,000 - $399,999 1,381 16.8%
$400,000 - $599,999 1,181 13.2%
$600,000 - $999,999 729 2.0%
$1,000,000 or more 745 9.7%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 127 -3.1%
$50,000 - $99,999 962 -2.0%
$100,000 - $149,999 1,635 3.8%
Economists' note: There are a number of ways to calculate
Inventory,
so these numbers may not match up to others you see in your
market.
We calculate Inventory by counting the number of active listings
on the
last day of the month, and hold this number to compare with the
same
month the following year.
$150,000 - $199,999 1,809 10.2%
$200,000 - $249,999 1,603 23.2%
$250,000 - $299,999 1,992 25.4%
$300,000 - $399,999 3,438 35.2%
$400,000 - $599,999 3,383 24.5%
$600,000 - $999,999 2,545 15.6%
$1,000,000 or more 3,527 8.1%
0 500
1,000 1,500 2,000 2,500 3,000 3,500 4,000
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
January 2014 January 2015
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000
0 200 400 600 800
1,000 1,200 1,400 1,600
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
January 2014 January 2015
0 200 400 600 800 1,000 1,200 1,400 1,600
Monthly Market Detail - January 2015
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
New Listings by Initial Listing Price The number of properties
put onto the market during the month
Inventory by Current Listing Price The number of property
listings active at the end of the month
-
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS with data provided by Florida's
multiple listing services. Statistics for each month compiled from
MLS feeds on the 15th day of the following month.
Data released on Monday, February 23, 2015. Next data release is
Monday, March 23, 2015.
January 2015 January 2014Percent Change
Year-over-Year
Traditional
2,026 1,880 7.8%
$300,000 $300,000 0.0%
Foreclosure/REO
692 518 33.6%
$170,000 $150,400 13.0%
Short Sale
265 400 -33.8%
$205,000 $180,000 13.9%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014
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 J F M A M J J A S O N D J
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 J F M A M J J A S O N D J
Monthly Distressed Market - January 2015
Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes
2011 2012 2013 2014