DFW ARCHIVED July 2016 | Page 9

Cherokee Community Information | School District

Cherokee 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 107 , down 12.3 % from 122 days last month and down 24.6 % from 142 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
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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 $ 80 was up 8.8 % from $ 74 last month and down 2.5 % from 83 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 85.4 % was down from 96.6 % last month and down from 87.9 % in July of last year .
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
100 %
95 %
90 %
85 %
80 %
73
Selling Price versus Listing Price Ratio
83 80
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.6 %
87.9 %
3 Mo Avg
85.4 %
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 44 , up 33.3 % from 33 last month and up 7.3 % from 41 in July of last year .
75 %
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Inventory / New Listings / Sales
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218 208 207 211
181 178 172 179 172 185 189 185 180 159 159 156 148 158 155 149 139 148 152
165 177 181 180 175
151 154 153 151 149 155 160
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