DFW ARCHIVED July 2016 | Page 7

Collin Community Information | School District

Collin 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 July was 70 , down 2.8 % from 72 days last month and up 27.3 % from 55 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
300
250
200
150
100
50
80
55
70
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 $ 209 was down 12.2 % from $ 238 last month and up 4.9 % from 199 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 92.5 % was down from 95.0 % last month and down from 92.9 % in July of last year .
0
290 270 250 230 210 190 170 150
105 % 100 % 95 % 90 %
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
J
J
13
14
15
16
Selling Price per Square Foot
206
A
S
O N D
J
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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J
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O N D
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F M A M
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13
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199
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.0 %
3 Mo Avg
3 Mo Avg
209
92.9 % 92.5 %
85 % 80 %
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 31 , down 8.8 % from 34 last month and equal to 31 in July of last year .
75 %
200 180 160 140 120 100 80 60 40 20 0
107
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
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S
O N D
J
F M A M J
13
14
15
16
97 96 90
74 83 90 101 109 115
Inventory / New Listings / Sales
108 98 92 83 78
69
55 54
66 75 82 92 92 104 100 105 104
90
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S
O N D
J
F M A M
J
J
A
S
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
J
J
13
14
15
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74 82
97 119
134 149
159
J
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