DFW ARCHIVED July 2016 | Page 9

Dallas Community Information | School District

Dallas 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 67 , down 1.5 % from 68 days last month and down 6.9 % from 72 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
140 120 100 80 60
72 72
67
40
20
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 $ 339 was down 5.4 % from $ 359 last month and down 3.8 % from 353 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 91.7 % was down from 93.4 % last month and down from 92.6 % in July 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 July 2016 was 161 , down 12.0 % from 183 last month and up 54.8 % from 104 in July of last year .
0
400 390 380 370 360 350 340 330 320 310 300
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
800 700 600 500 400 300 200 100
0
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
F M A M
J
J
13
14
15
16
Selling Price per Square Foot
354 353
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
F M A M
J
J
13
14
15
16
Selling Price versus Listing Price Ratio
92.9 %
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
F M A M
J
J
13
14
15
16
406 411 408 380 327 332
371
Avg Selling Price divided by Avg Listing Price for sold properties during the month
408 418 436
92.6 %
Inventory / New Listings / Sales
461
443 408 403 376 358
276 305 329 359 388 417 413 386 395 411 427 408
318 371
486
562
3 Mo Avg
3 Mo Avg
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
F M A M
J
J
13
14
15
16
619 664
717
339
91.7 %
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