DFW ARCHIVED January 2017 | Page 19

Parker Community Information | School District

Parker 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 241 , up from 0 days last month and up from 0 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
3 Mo Avg
241
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 $ 290 was up from $ 0 last month and up from 0 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 113.3 % was up from 0.0 % last month and up from 0.0 % in January of last year .
0
300 280 260 240 220 200 180 160 140 120 100
120 % 100 % 80 % 60 % 40 % 20 %
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M A M J
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F M A M J
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Selling Price per Square Foot
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M A M J
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
3 Mo Avg
290
113.3 %
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 0 , down 100.0 % from 2 last month and up from 0 in January of last year .
14 12 10 8 6 4
0 %
7
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8 9
11 12 12
9 9 9 9
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Inventory / New Listings / Sales
7 7
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12 13 13
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2 0
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