Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes 2015-01 Detail

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



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


900

1,100

1,300

1,500

1,700

1,900

2,100

Cas

h S

ale

s



2011 2012 2013 2014


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



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%



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


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



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


$150K

$200K

$250K

$300K

Me

dia

n S

ale

Pri

ce



2011 2012 2013 2014


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)



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


0

20

40

60

80

100

Me

dia

n D

ays

on

M

arke

t



2011 2012 2013 2014


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



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



2011 2012 2013 2014


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




$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


0

100

200

300

400

500

600



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



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


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


0 200 400 600 800 1,000 1,200 1,400 1,600



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



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



Monthly Distressed Market - January 2015


2011 2012 2013 2014

Date post:	06-Oct-2015
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Miami-Fort Lauderdale-Pompano Beach MSA Single Family Homes 2015-01 Detail

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