DFW ARCHIVED May 2016 | Page 11

Collin Community Information | School District

Collin 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 May was 29 , down 3.3 % from 30 days last month and down 6.5 % from 31 days in May of last year . The May 2016 DOM was at its lowest level compared with May of 2015 and 2014 .
60
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32 31
29
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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 May 2016 Selling Price per Square Foot of $ 127 was up 1.1 % from $ 125 last month and up 7.9 % from 117 in May 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 May 2016 Selling Price vs Original List Price of 99.2 % was up from 99.0 % last month and down from 99.8 % in May 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
101 % 100 % 99 % 98 % 97 % 96 % 95 %
105
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117
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.4 %
99.8 %
3 Mo Avg
127
99.2 %
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 May 2016 was 1,839 , up 0.7 % from 1,827 last month and down 0.3 % from 1,845 in May of last year .
94 %
3,000 2,500 2,000 1,500 1,000
500 0
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Inventory / New Listings / Sales
2,591 2,678 2,698
2,476 2,358
2,088 1,835 1,908 1,891 1,936
2,098 2,345 2,383 2,425
2,600 2,272
2,074 1,793
1,486
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1,474 1,469 1,545
1,737 1,904 1,956 2,356 2,374 2,212 2,122
1,835 1,614 1,674
1,799 2,006
2,250 2,454
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