DFW ARCHIVED June 2016 | Page 29

Parker Community Information | School District

Parker 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 June was 54 , down 16.9 % from 65 days last month and down 8.5 % from 59 days in June of last year . The June 2016 DOM was at its lowest level compared with June 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 June 2016 Selling Price per Square Foot of $ 107 was down 1.3 % from $ 109 last month and up 6.1 % from 101 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 96.3 % was equal to 96.3 % last month and up from 95.6 % in June 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 June 2016 was 283 , down 4.7 % from 297 last month and up 10.5 % from 256 in June of last year .
100 90 80 70 60 50 40 30 20 10 0
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
800 700 600 500 400 300 200 100
0
Days On Market for Sold Properties
60 59
J
A
S
O N D
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F M A M
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J
A
S
O N D
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F M A M
J
J
A
S
O N D
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F M A M
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13
14
15
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Selling Price per Square Foot
3 Mo Avg
94
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
J
J
A
S
O N D
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F M A M
13
14
15
16
Selling Price versus Listing Price Ratio
J
A
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O N D
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F M A M
J
J
A
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O N D
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F M A M
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J
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O N D
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F M A M
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13
14
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Inventory / New Listings / Sales
741 751 736 698 675 611 628
Avg Selling Price divided by Avg Listing Price for sold properties during the month
640 652 679 701
101
95.7 % 95.6 %
707 730
690 654
588
549
469 499 470 465 488 506 517 536 525 534 510 513 499 501
532
3 Mo Avg
3 Mo Avg
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
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J
A
S
O N D
J
F M A M
13
14
15
16
607 644 628
54
107
J
96.3 %
709
J
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