Rockwall Community Information | School District
Rockwall 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 51 , up 24.4 % from 41 days last month and down 7.3 % from 55 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 $ 115 was down 0.3 % from $ 115 last month and up 6.8 % from 107 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 107 , down 38.9 % from 175 last month and up 5.9 % from 101 in December of last year .
80 70 60 50 40 30 20 10
Days On Market for Sold Properties
61
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 |
|
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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 |
99 % |
|
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 96.4 % was up from 95.8 % last month and up from
|
98 %
97 %
|
96.1 % in December of last year . |
96 % |
95 % 94 % 93 % 92 %
93
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 |
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15 |
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16 |
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Selling Price versus Listing Price Ratio
55
107
95.9 % 96.1 %
91 % |
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 |
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15 |
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16 |
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Inventory / New Listings / Sales |
600 500 400 300 200 100
424 463 465
505 545 565 557
Avg Selling Price divided by Avg Listing Price for sold properties during the month
533
455 408 384
313 314 326 343 374 399 386 369
401
432 394 372 332 328 330 362 347 390 415 444 441
3 Mo Avg
3 Mo Avg
435 453 457
51
115
96.4 %
419
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 |
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15 |
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16 |
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c o l d w e l l b a n k e r h o m e s . c o m | 31