DFW ARCHIVED January 2017 | Page 27

Kaufman Community Information | School District

Kaufman 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 January was 37 , down 7.5 % from 40 days last month and down 28.8 % from 52 days in January of last year . The January 2017 DOM was at its lowest level compared with January 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 January 2017 Selling Price per Square Foot of $ 95 was down 2.1 % from $ 97 last month and up 8.7 % from 88 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 98.6 % was up from 96.4 % last month and up from 95.7 % in January of last year .
Days On Market for Sold Properties
90
80
70
60
50
52
50
40
37
30
20
10
0
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
J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
99 % 98 % 97 % 96 % 95 % 94 % 93 %
79
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
J
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.0 %
88
95.7 %
3 Mo Avg
3 Mo Avg
95
98.6 %
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 222 , up 56.3 % from 142 last month and up 24.0 % from 179 in January of last year .
92 %
600 500 400 300 200 100
0
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
J
14
15
16
17
Inventory / New Listings / Sales
447
449 487 469 462 451 440
387 344 320 277 291 282 290 319 338 338 336 337 324 311 298 296 305 315 305 303 320 335
382 345 339 358 359 341
368
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
J
14
15
16
17
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