DFW ARCHIVED July 2017 | Page 17

ROCKWALL

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 242 , up 1052.4 % from 21 days last month and up 261.2 % from 67 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 251 was up 10.1 % from $ 228 last month and up 2.5 % from 245 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 2017 Selling Price vs Original List Price of 91.2 % was up from 89.6 % last month and up from 87.7 % in July of last year .
500 450 400 350 300 250 200 150 100 50 0 -50
500 450 400 350 300 250 200 150 100
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
61 67
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S O N D
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F M A M J
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Selling Price per Square Foot
175
Selling Price versus Listing Price Ratio
242
245 251
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.9 % 87.7 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
J
J
91.2 %
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 2017 was 2 , down 71.4 % from 7 last month and down 33.3 % from 3 in July of last year .
40 % 20 % 0 %
35 30 25 20
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Inventory / New Listings / Sales
27 30
28 33
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32
15 10 5
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10 9 9 11 11 13 14 17 16 18 18 19
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14
13 15 14 13 17 17 18
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14 17 18 17
15 19
0
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Coldwell Banker Global Luxury SM | 17