DFW ARCHIVED December 2016 | Page 23

Hunt Community Information | School District

Hunt 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 December was 46 , up 58.6 % from 29 days last month and down 34.3 % from 70 days in December of last year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 .
120
100
80
60
40
92
70
46
20
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 $ 83 was up 2.0 % from $ 82 last month and up 10.8 % from 75 in December of last year .
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Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 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 98 % original list price . The lower the ratio is below 100 % the more of
96 % 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 94 % List Price of 96.7 % was equal to 96.7 % last month and up from 90.2 % in December of last year . 92 % 90 % 88 % 86 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.0 % 90.2 %
75
3 Mo Avg
83
96.7 %
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 60 , down 33.3 % from 90 last month and up 11.1 % from 54 in December of last year .
84 %
450 400 350 300 250 200 150 100 50 0
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Inventory / New Listings / Sales
378 363 376 389 391 392 399
377 342 327
303
248 246 249 239 253
281 261 278 288 277 282
261 239
216 180 192 171 171 191 192 212 220 213 217 204
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