DFW ARCHIVED February 2017 | Page 27

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 February was 2 , up from 0 days last month and down 98.8 % from 163 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 February 2017 Selling Price per Square Foot of $ 212 was up from $ 0 last month and up 62.1 % from 131 in February 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 February 2017 Selling Price vs Original List Price of 97.9 % was up from 0.0 % last month and up from 92.4 % in February of last year .
500 450 400 350 300 250 200 150 100 50 0
500 450 400 350 300 250 200 150 100
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
55
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
J
F
14
15
16
17
163
Selling Price per Square Foot
218
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
J
F
14
15
16
17
131
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.0 % 92.4 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
2
212
97.9 %
40 % 20 %
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 February 2017 was 5 , up 400.0 % from 1 last month and up 66.7 % from 3 in February of last year .
30 25 20 15 10 5
0 %
15
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
J
F
14
15
16
17
19 18 19 19
16
15
10 9 9
Inventory / New Listings / Sales
11
11 13 14 17 16 18 18 19
16
20
15
15 17 16 15
19
21 24 23 22 25 26 25
23 25
0
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
J
F
14
15
16
17
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