DFW ARCHIVED April 2016 | Page 27

Kaufman Community Information | School District

Kaufman 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 40 , down 14.9 % from 47 days last month and down 24.5 % from 53 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .
120
100
80
60
40
69
53
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 $ 90 was up 3.9 % from $ 86 last month and up 8.5 % from 83 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 97.6 % was up from 96.4 % last month and up from 96.8 % 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 220 , equal to 220 last month and up 1.4 % from 217 in April of last year .
0
100 95 90 85 80 75 70 65 60 55 50
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
700 600 500 400 300 200
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Selling Price per Square Foot
3 Mo Avg
72
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Selling Price versus Listing Price Ratio
94.8 %
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Inventory / New Listings / Sales
578 551 567 554 559 560 543
Avg Selling Price divided by Avg Listing Price for sold properties during the month
453 464 447 449 488 470 463 452 441
388 345 321 278 292 284 292
83
96.8 %
321
3 Mo Avg
90
97.6 %
342 342 340 342 329 316 306 305 323 335 334 334
100 0
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