DFW ARCHIVED December 2016 | Page 17

Ellis Community Information | School District

Ellis Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
90
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
80
trend in DOM tends to indicate a move towards more of a
70
65
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for December was 53 , down 10.2 %
60
53
53
from 59 days last month and equal to 53 days in December of last
50
year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 .
40
30
20
10
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
150
140
130
more normalized indicator on the direction of Property values .
120
110
The December 2016 Selling Price per Square Foot of $ 110 was up
110
5.2 % from $ 104 last month and up 16.2 % from 94 in December
100
94
of last year .
90
84
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 99 % original list price . The lower the ratio is below 100 % the more of
98 % 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 97 % List Price of 97.5 % was up from 96.3 % last month and up from 96.1 % in December of last year . 96 % 95 % 94 % 93 %
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.7 %
96.1 %
3 Mo Avg
97.5 %
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 December 2016 was 153 , down 8.4 % from 167 last month and up 1.3 % from 151 in December of last year .
92 %
700 600 500 400 300 200 100
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
586 566 571 559 581 578 583
613
546 508
455 421 418 413 399 428 429 458
500
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
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