DFW ARCHIVED January 2017 | Page 21

Hood Community Information | School District

Hood 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 January was 71 , down 5.3 % from 75 days last month and down 17.4 % from 86 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
120
100
80
60
40
85 86
71
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 January 2017 Selling Price per Square Foot of $ 106 was down 4.6 % from $ 111 last month and up 16.0 % from 91 in January 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 January 2017 Selling Price vs Original List Price of 96.2 % was up from 93.8 % last month and up from 92.0 % in January of last year .
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 %
80
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.0 %
91
92.0 %
3 Mo Avg
106
96.2 %
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 January 2017 was 131 , up 52.3 % from 86 last month and down 7.7 % from 142 in January of last year .
84 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales
494
531 580 585 607 597
565
505
442
402
330 337 366 392 419 455 430 432 430 413 427
389 354 361 381 378 393 383 372 372 369 354 356 340 318 340
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