On the first of each month I put some numbers together for the prior month's activity to help me spot trends and keep up with the market. Here's what they look like this For January 2006:

MLS Wide

(Dade, Broward, and Palm Beach Counties)

SINGLE FAMILY and CONDO/TH/VILLAS

Data Item	Jan '05	Jan '06
New Listings	15,001	26,786
Closed Sales	7,099	3,926

4,555 Listings went under contract in January

66,132 Listings are currently active and available

For the entire MLS, at January's rate of 4,555 listings going under contract per month, it would take more than 14 months to get contracts for the current inventory level.

City of Deerfield Beach

SINGLE FAMILY and CONDO/TH/VILLAS

Data Item	Jan '05	Jan '06
New Listings	216	373
Closed Sales	111	85

90 Listings went under contract in January

797 Listings are currently active and available

In Deerfield, at January's rate of 90 listings going under contract per month, it would take more than 8 months to get contracts for the current inventory.

Also interesting: Overall the are approximately twice as many new listings, this year while there are only half as many closed sales. The numbers above certainly indicate that it's currently a buyer's market in this area.

Let me know if you would like a more detailed analysis of the market activity in your neighborhood.