Rockwall Community Information | School District
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 June was 43 , up 30.3 % from 33 days last month and equal to 43 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 $ 113 was up 1.3 % from $ 111 last month and up 10.6 % from 102 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 97.8 % was down from 98.8 % last month and down from 98.3 % 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 280 , up 7.7 % from 260 last month and up 12.9 % from 248 in June of last year .
80 70 60 50 40 30 20 10
Days On Market for Sold Properties
60
Selling Price versus Listing Price Ratio
43 43
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
100 % 99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 %
95
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96.4 %
91 % |
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Inventory / New Listings / Sales |
700 600 500 400 300 200 100
577 603
528 478 457 431 424
Avg Selling Price divided by Avg Listing Price for sold properties during the month
463 465
505 545 565 557 533
455 408 384
313 314 326 343 374 399
102
98.3 %
386 370
403
436 398 378 339 336 348
3 Mo Avg
3 Mo Avg
388 377
425
113
J
97.8 %
473
0
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