Res. Income Sale Price vs. DOM (Avg.'s) YTD Statistics

[Jake Fletcher]

Some interesting statistics regarding residential income properties in Miami-Dade, Broward, and Palm Beach Counties: Average Sale Price vs Average Days on Market for each month, so far this year. Very interesting that avg. sale price went up almost $60,000 while the days on market decreased by 22% from March to April. [Source: the MLS].

I love data. What South Florida statistics do you all want to see next?

 Happy and successful Q2 to all in the BP community!

[Mitchell Jaworski]

I love data as well and what I'm seeing there is that avg. price decreased each month from Jan to March and days on market went up.  April just started so data for this month is incomplete.

This data is in line with what we are seeing year over year.  For the month of February in PBC closed sales are down 5-9% depending on single family or townhome and days to contract is higher.  Prices were slightly lower, roughly 1% for single family, but higher by about 7% for townhomes/condos year over year.