DFW ARCHIVED June 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 June was 73 , up 15.9 % from 63 days last month and down 16.1 % from 87 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
120
100
80
60
40
79
87
73
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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 June 2016 Selling Price per Square Foot of $ 107 was up 2.4 % from $ 104 last month and up 9.1 % from 98 in June 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 June 2016 Selling Price vs Original List Price of 94.7 % was down from 95.8 % last month and up from 94.2 % in June 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
98 % 96 % 94 % 92 % 90 % 88 % 86 %
88
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.4 % 94.2 %
98
3 Mo Avg
107
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94.7 %
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 June 2016 was 148 , down 12.9 % from 170 last month and down 10.3 % from 165 in June of last year .
84 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales
597
593 546 542
506 474 462
496
533 582 587 609 599
567
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444
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332
339 368 394
421 458 436 439 438 423 437
402 367 383 407 415 437 437 453
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