DFW ARCHIVED December 2016 | Page 11

Collin Community Information | School District

Collin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
50
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
45
40
44
39
43
Buyer ' s market , a downward trend a move towards more of a
35
Seller ' s market . The DOM for December was 43 , up 2.4 % from
42 days last month and up 10.3 % from 39 days in December of last year . The December 2016 DOM was at a mid level compared
30
25
with December of 2015 and 2014 .
20
15
10
5
0
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 M J
J
A
S O N D
14
15
16
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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 December 2016 Selling Price per Square Foot of $ 130 was up
150
140
130
120
110
108
118
130
1.9 % from $ 128 last month and up 10.8 % from 118 in December
100
of last year .
90
80
70
60
50
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 M J
J
A
S O N D
14
15
16
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 101 % original list price . The lower the ratio is below 100 % the more of
100 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2016 Selling Price vs Original 99 % List Price of 96.8 % was up from 96.7 % last month and down from 97.3 % in December of last year . 98 % 97 % 96 % 95 %
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.2 % 97.3 %
3 Mo Avg
96.8 %
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 December 2016 was 834 , down 30.4 % from 1,199 last month and down 0.2 % from 836 in December of last year .
94 %
3,000 2,500 2,000 1,500 1,000
500 0
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 M J
J
A S O N D
14
15
16
Inventory / New Listings / Sales
1,907 1,890 1,935
2,097 2,344 2,382 2,424
2,599 2,271
2,073
1,792 1,484 1,473 1,468 1,543
1,735 1,900 1,951
2,347
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 M J
J
A S O N D
14
15
16
2,360 2,196 2,101
1,809 1,584 1,632 1,735
1,907 2,120 2,148
2,422 2,712 2,649 2,675 2,598
2,458 2,293 c o l d w e l l b a n k e r h o m e s . c o m | 11