DFW ARCHIVED April 2016 | Page 9

Cherokee Community Information | School District

Cherokee 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 89 , down 16.0 % from 106 days last month and down 17.6 % from 108 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .
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164
108
89
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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 $ 92 was up 11.9 % from $ 82 last month and up 42.0 % from 64 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 93.4 % was up from 90.3 % last month and up from 91.9 % 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 38 , down 5.0 % from 40 last month and up 22.6 % from 31 in April of last year .
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150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
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Selling Price per Square Foot
3 Mo Avg
64 64
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Selling Price versus Listing Price Ratio
90.6 %
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Inventory / New Listings / Sales
195 213
201
218 208 207 211
Avg Selling Price divided by Avg Listing Price for sold properties during the month
181 178 172 179 172 184 188 184 179
91.9 %
3 Mo Avg
92
93.4 %
158 158 155 146 156 153 146 136 145 148
162 172 176 172 169
147 147 145 149
159
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