DFW ARCHIVED July 2016 | Page 21

Hood Community Information | School District

Hood 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 68 , down 5.6 % from 72 days last month and down 26.9 % from 93 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
120
100
80
60
40
76
93
68
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 $ 111 was up 3.8 % from $ 107 last month and up 16.1 % from 96 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 98 % original list price . The lower the ratio is below 100 % the more of
96 % 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 94 % Price of 96.3 % was up from 94.7 % last month and up from 94.3 % in July of last year .
92 %
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
90 % 88 % 86 %
91
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.6 %
96
94.3 %
3 Mo Avg
111
96.3 %
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 159 , up 6.7 % from 149 last month and down 7.6 % from 172 in July of last year .
84 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales
593 546 542
506 474 460
494
531 580 585 607 597
565
505
442
402
330 337
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366 392
419 456 434 437 435 420 434
399 364 374 395 402 422 418 412
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