DFW ARCHIVED January 2017 | Page 21

Rockwall Community Information | School District

Rockwall 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 0 , down 100.0 % from 203 days last month and down 100.0 % from 64 days in January of last year . The January 2017 DOM was at a mid 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 $ 0 was down 100.0 % from $ 164 last month and down 100.0 % from 213 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 0.0 % was down from 87.2 % last month and down from 93.7 % in January of last year .
500 450 400 350 300 250 200 150 100 50 0
500 450 400 350 300 250 200 150 100
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
74 64
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
153
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
213
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
85.1 %
93.7 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
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 1 , equal to 1 last month and down 50.0 % from 2 in January of last year .
30 25 20 15 10 5
0 %
13
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M A M J
J
A S O N D
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F M A M J
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A S O N D
J
F M A M J
J
A S O N D
J
14
15
16
17
15 19 18 19 19
16 15
10
Inventory / New Listings / Sales
9 9 11 11 13 14 17 16 18 18 19
16
20
15
15 17 16 15
19
21 24 23 22 25 26 25
23
0
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M A M J
J
A
S O N D
J
F M A M J
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S O N D
J
F M A M J
J
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S O N D
J
14
15
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17
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