DFW ARCHIVED February 2017 | Page 31

Tarrant Community Information | School District

Tarrant 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 February was 96 , down 55.1 % from 214 days last month and down 29.4 % from 136 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
250
200
150
100
82
136
96
50
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
340
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
320
more normalized indicator on the direction of Property values .
The February 2017 Selling Price per Square Foot of $ 233 was
300
down 5.1 % from $ 245 last month and down 4.0 % from 242 in
280
February of last year .
260
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 90.6 % was up from 88.2 % last month and down from 96.1 % in February 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 February 2017 was 59 , up 1.7 % from 58 last month and up 59.5 % from 37 in February of last year .
0
240 220 200
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
300 250 200 150 100 50
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
Selling Price per Square Foot
247
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
169
242
Selling Price versus Listing Price Ratio
93.5 %
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
175 177 173 170 157 150
Avg Selling Price divided by Avg Listing Price for sold properties during the month
158 141
118
96.1 %
Inventory / New Listings / Sales
139 138
156 173 170 158 162 168 173 172 160 136 136
157 181 191 201 210
3 Mo Avg
3 Mo Avg
225 215 226 232 225
202
223
233
90.6 %
251
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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