Denton Community Information | School District
Denton 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 December was 46 , up 12.2 % from 41 days last month and up 2.2 % from 45 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
60
50
40
30
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10
Days On Market for Sold Properties
3 Mo Avg
50 45 46
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 December 2016 Selling Price per Square Foot of $ 124 was down 0.5 % from $ 125 last month and up 7.4 % from 116 in December of last year .
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14 |
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15 |
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
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 100 % 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 99 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 96.8 % was down from 97.1 % last month and down
98 % from 97.0 % in December of last year .
97 % 96 % 95 %
106
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116
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.7 %
97.0 %
3 Mo Avg
124
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 778 , down 26.3 % from 1,056 last month and down 0.9 % from 785 in December of last year .
94 %
3,000 2,500 2,000 1,500 1,000
500 0
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Inventory / New Listings / Sales |
1,891 1,970 1,997 2,086 2,309 2,416 2,469 2,528
2,259 2,097
1,833 1,538 1,589 1,566 1,610
1,768 1,924
2,119 2,296
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2,227 2,124 2,075
1,936 1,758 1,782 1,824 1,908 2,005 2,050
2,254 2,410 2,333 2,317 2,251 2,109 1,986 c o l d w e l l b a n k e r h o m e s . c o m | 15