DFW ARCHIVED July 2016 | Page 25

Smith Community Information | School District

Smith 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 July was 0 , down 100.0 % from 4 days last month and up from 0 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
700 600 500 400 300 200 100
Days On Market for Sold Properties
67
3 Mo Avg
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 July 2016 Selling Price per Square Foot of $ 0 was down 100.0 % from $ 254 last month and up from 0 in July 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 July 2016 Selling Price vs Original List Price of 0.0 % was down from 92.3 % last month and up from 0.0 % in July of last year .
0
300 280 260 240 220 200 180 160 140 120 100
120 % 100 % 80 % 60 % 40 % 20 %
A
S
O N D
J
F M A M
J
J
A
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O N D
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F M A M
J
J
A
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O N D
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F M A M
J
J
13
14
15
16
Selling Price per Square Foot
185
A
S
O N D
J
F M A M
J
J
A
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O N D
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F M A M
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J
A
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O N D
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F M A M
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13
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.5 %
3 Mo Avg
3 Mo Avg
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 July 2016 was 8 , down 11.1 % from 9 last month and up 300.0 % from 2 in July of last year .
45 40 35 30 25 20 15 10 5 0
0 %
27
A
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F M A M J
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F M A M J
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F M A M J
13
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24
19
19
16 17
20 18
22 24
27
Inventory / New Listings / Sales
31
28
26
23 22
20 22 23 25 24 24 28 27 29 30 28 27 27
A
S
O N D
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F M A M
J
J
A
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O N D
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F M A M
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O N D
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F M A M
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13
14
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30 31 32 31
29 34
J
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