DFW ARCHIVED July 2016 | Page 25

Johnson Community Information | School District

Johnson 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 33 , down 19.5 % from 41 days last month and down 5.7 % from 35 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 $ 93 was up 1.1 % from $ 92 last month and up 10.1 % from 84 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 97.4 % was up from 97.3 % last month and down from 98.3 % 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 288 , up 4.3 % from 276 last month and up 5.1 % from 274 in July of last year .
Days On Market for Sold Properties
90
80
70
60
57
50
40
35
33
30
20
10
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
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
100 % 99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
800 700 600 500 400 300 200 100
0
81
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
96.1 %
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
Inventory / New Listings / Sales
671 665 658 637 572 565 556
Avg Selling Price divided by Avg Listing Price for sold properties during the month
555 565 581 591 565 572
519 467
409 352 381 357 377 368 384 379
84
98.3 %
414 398 369 397 403 402 375 349 346
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
377 355 375
93
97.4 %
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