DFW ARCHIVED January 2017 | Page 23

Hunt Community Information | School District

Hunt 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 53 , up 12.8 % from 47 days last month and down 32.9 % from 79 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
75
79
53
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 $ 82 was down 2.9 % from $ 84 last month and up 14.0 % from 72 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 92.9 % was down from 96.6 % last month and up from 91.6 % in January of last year .
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Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 %
66
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.5 %
72
91.6 %
3 Mo Avg
82
92.9 %
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 95 , up 61.0 % from 59 last month and up 17.3 % from 81 in January of last year .
84 %
450 400 350 300 250 200 150 100 50 0
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Inventory / New Listings / Sales
363 376 389 391 392 399
377 342 327
303
248 246 249 239 253
281 261 278 288 277 282
261 239
216 180 192 171 171 191 192 212 221 214 221 208 213
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