DFW ARCHIVED June 2016 | Page 9

Cherokee Community Information | School District

Cherokee 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 129 , up 50.0 % from 86 days last month and up 31.6 % from 98 days in June of last year . The June 2016 DOM was at a mid level compared with June of 2015 and 2014 .
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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 $ 74 was up 19.9 % from $ 62 last month and up 7.6 % from 69 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 97.5 % was up from 88.4 % last month and up from 83.9 % 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
100 %
95 %
90 %
85 %
80 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.1 %
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83.9 %
3 Mo Avg
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97.5 %
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 36 , down 14.3 % from 42 last month and equal to 36 in June of last year .
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Inventory / New Listings / Sales
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218 208 207 211
181 178 172 179 172 185 189 185 180 159 159 156 148 157 154 148 138 147 151
164 176 180 178 173
150 154 152 151 144
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