DFW ARCHIVED January 2017 | Page 11

Denton Community Information | School District

Denton 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 180 , up 85.6 % from 97 days last month and down 17.1 % from 217 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
350 300 250 200 150
217
180
100 50
47
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 $ 430 was up 124.1 % from $ 192 last month and up 61.8 % from 266 in January of last year .
0
450 400 350 300 250 200
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
282 266
3 Mo Avg 430
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 84.4 % was down from 86.5 % last month and down from 93.8 % in January of last year .
150
120 % 100 % 80 % 60 %
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
91.0 % 93.8 %
3 Mo Avg
84.4 %
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 January 2017 was 13 , up 44.4 % from 9 last month and down 38.1 % from 21 in January of last year .
120 100
0 %
80 60
72
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
82 90
84 91 94
87 81 76
69
Inventory / New Listings / Sales
65 74
80 88 91 90 92
81 78 76
67 74 75 85 88 90 91 101 97 96 94 93
85 88
40
47
53
20 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
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