DFW ARCHIVED April 2016 | Page 11

Collin Community Information | School District

Collin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 April was 30 , down 21.1 % from 38 days last month and down 6.3 % from 32 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .
60
50
40
30
20
36
32
30
10
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 April 2016 Selling Price per Square Foot of $ 125 was up 2.4 % from $ 122 last month and up 9.4 % from 115 in April 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 April 2016 Selling Price vs Original List Price of 99.0 % was up from 98.3 % last month and down from 99.1 % in April of last year .
0
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
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
101 % 100 % 99 % 98 % 97 % 96 % 95 %
105
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
13
14
15
16
115
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.1 %
3 Mo Avg
125
99.1 % 99.0 %
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 April 2016 was 1,836 , up 5.9 % from 1,734 last month and up 1.8 % from 1,803 in April of last year .
94 %
3,000 2,500 2,000 1,500 1,000
500 0
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
13
14
15
16
Inventory / New Listings / Sales
2,463 2,591 2,678 2,698
2,476 2,358
2,088 1,835 1,908 1,891 1,936
2,098 2,345 2,383 2,425
2,600 2,272
2,074 1,794
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
13
14
15
16
1,487 1,475 1,470 1,546
1,738 1,905 1,957 2,358 2,376 2,213 2,125
1,837 1,618 1,682
1,810 2,018
2,416
COLDWELLBANKERHOMES . COM | 11