DFW ARCHIVED April 2017 | Page 11

HOOD

Community Information | School District
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 33 , up from 0 days last month and up from 0 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
300
250
200
150
100
Days On Market for Sold Properties
3 Mo Avg
50 33
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 2017 Selling Price per Square Foot of $ 209 was up from $ 0 last month and up from 0 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 2017 Selling Price vs Original List Price of 99.5 % was up from 0.0 % last month and up from 0.0 % in April of last year .
0
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
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J
J
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S O N D
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F M A M J
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F M A M J
J
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S O N D
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F M A
14
15
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17
Selling Price per Square Foot
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J
J
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S O N D
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F M A M J
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14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
3 Mo Avg
209
99.5 %
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 2017 was 1 , down 66.7 % from 3 last month and up from 0 in April of last year .
8 7 6 5 4 3 2 1 0
0 %
1
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A S O N D
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F M A M J
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A S O N D
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F M A
14
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2
3
2 2 2
1 2 2
Inventory / New Listings / Sales
1 0 0 1 1 1 1
3 4
3
M
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J
A
S O N D
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F M A M J
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F M A M J
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4
3 3 3 3
4
3
3
2 2 2 2 2 2
4 7 7
Coldwell Banker Global Luxury SM | 11