DFW ARCHIVED December 2016 | Page 25

Johnson Community Information | School District

Johnson 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 38 , down 7.3 % from 41 days last month and down 17.4 % from 46 days in December of last year . The December 2016 DOM was at its lowest 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 $ 92 was down 8.2 % from $ 100 last month and up 9.0 % from 84 in December of last year .
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 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 of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 96.3 % was up from 96.2 % last month and up from 96.0 % 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 147 , down 16.9 % from 177 last month and down 3.3 % from 152 in December of last year .
Days On Market for Sold Properties
90
80
70
70
60
50
46
40
38
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
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
700 600 500 400 300 200 100
81
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
94.6 %
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
565 556 555 565 581 591 565
Avg Selling Price divided by Avg Listing Price for sold properties during the month
572 519
467
409 352 381 357 377 368 384 379 414 397 366 394 400
84
96.0 %
399
373 341 335 361 331 345 367
404
3 Mo Avg
3 Mo Avg
378 414 413
92
96.3 %
404
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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