DFW ARCHIVED December 2016 | Page 19

Henderson Community Information | School District

Henderson 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 89 , down 24.6 % from 118 days last month and down 15.2 % from 105 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
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 $ 147 was up 37.3 % from $ 107 last month and up 51.3 % from 97 in December of last year .
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 53 , down 49.0 % from 104 last month and down 30.3 % from 76 in December of last year .
200 180 160 140 120 100 80 60 40 20 0
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
96 %
original list price . The lower the ratio is below 100 % the more of
94 %
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
List Price of 93.5 % was up from 92.2 % last month and up from
92 %
90 %
90.4 % in December of last year .
88 %
86 % 84 % 82 % 80 % 78 %
700 600 500 400 300 200
Days On Market for Sold Properties
82
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
3 Mo Avg
78
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 versus Listing Price Ratio
88.8 %
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
534 547 576 603 652 663
604
Avg Selling Price divided by Avg Listing Price for sold properties during the month
544 488
437
393
327 348
381 430 448 489 480 458 481 454 446 421
105
97
90.4 %
417 429
468 514 503 499 511 512 506
3 Mo Avg
3 Mo Avg
491 501
539
89
147
93.5 %
523
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
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