DFW ARCHIVED April 2017 | Page 17

SMITH

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 573 , up from 0 days last month and up 193.8 % from 195 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
700 600 500 400 300 200
195
573
100
51
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 $ 0 was up from $ 0 last month and down 100.0 % from 101 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 85.5 % was up from 0.0 % last month and up from 67.1 % in April of last year .
0
900 800 700 600 500 400 300 200 100
120 % 100 % 80 % 60 %
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
14
15
16
17
Selling Price per Square Foot
202
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
14
15
16
17
101
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
68.8 % 67.1 %
3 Mo Avg
3 Mo Avg
85.5 %
40 % 20 %
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 6 , down 40.0 % from 10 last month and up 50.0 % from 4 in April of last year .
50 45 40 35 30 25 20 15 10 5 0
0 %
24
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
14
15
16
17
27
31
28
26
23 22 20 22 23 25
Inventory / New Listings / Sales
23
25 29 28 30 30 28 27 27 29 29 30 29 29
34 41 43
40 38 40
34
29 29
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
14
15
16
17
33 37
Coldwell Banker Global Luxury SM | 17