DFW ARCHIVED June 2016 | Page 7

Anderson Community Information | School District

Anderson 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 52 , down 40.2 % from 87 days last month and down 69.4 % from 170 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
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Days On Market for Sold Properties
168 170
3 Mo Avg
50
52
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 $ 68 was up 31.4 % from $ 52 last month and down 21.1 % from 87 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 95.4 % was up from 89.8 % last month and equal to 95.4 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
140 120 100 80 60 40 20 0
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.3 %
87
3 Mo Avg
95.4 % 95.4 %
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40 % 20 %
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 6 , down 45.5 % from 11 last month and down 50.0 % from 12 in June of last year .
70 60 50 40 30
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Inventory / New Listings / Sales
56 57 55
52
48 50 49 51 51 58 59 57 54 53 53
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40 38
35 39 39 37
45 50
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49 51
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39 40 39
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20 10 0
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