DFW ARCHIVED April 2016 | Page 21

Hood Community Information | School District

Hood 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 71 , up 1.4 % from 70 days last month and down 13.4 % from 82 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .
140 120 100 80 60
106
82
71
40
20
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 $ 101 was down 0.8 % from $ 102 last month and up 13.0 % from 90 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 95.3 % was up from 93.6 % last month and up from 93.6 % in April of last year .
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 193 , up 19.1 % from 162 last month and up 19.1 % from 162 in April of last year .
0
150 140 130 120 110 100 90 80 70 60 50
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
700 600 500 400 300 200
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Selling Price per Square Foot
3 Mo Avg
80
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Selling Price versus Listing Price Ratio
93.8 % 93.6 %
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Inventory / New Listings / Sales
627 602 597 593 546 542
506
Avg Selling Price divided by Avg Listing Price for sold properties during the month
474 462
496
533 582 587 609 599
567
507
444
404
332
339 368 394
90
421 458 436 440 438 425 440
406 373
3 Mo Avg
393 423 439
101
95.3 %
466
100 0
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