DFW ARCHIVED January 2017 | Page 25

Tarrant Community Information | School District

Tarrant 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 214 , up 151.8 % from 85 days last month and up 17.6 % from 182 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
250
200
150
100
100
182
214
50
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
340
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
320
more normalized indicator on the direction of Property values .
The January 2017 Selling Price per Square Foot of $ 245 was
300
down 19.4 % from $ 304 last month and up 1.8 % from 241 in
280
January of last year .
260
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 88.2 % was down from 92.9 % last month and up from 87.7 % in January of last year .
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 56 , up 194.7 % from 19 last month and up 43.6 % from 39 in January of last year .
0
240 220 200
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
250
200
150
100
50
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
234
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
159
241
Selling Price versus Listing Price Ratio
86.5 %
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
169 175 177 173 170
157
Avg Selling Price divided by Avg Listing Price for sold properties during the month
150 158
141
87.7 %
Inventory / New Listings / Sales
118 139 138
156 173 170 158 162 168 173 172
160
136 136
158
182 193 203 212
3 Mo Avg
3 Mo Avg
245
88.2 %
227
217 228 235 228
206 228
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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