DFW ARCHIVED May 2016 | Page 21

Hood Community Information | School District

Hood 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 63 , down 11.3 % from 71 days last month and down 32.3 % from 93 days in May of last year . The May 2016 DOM was at its lowest level compared with May of 2015 and 2014 .
140 120 100 80 60
90
93
63
40
20
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 $ 104 was up 2.7 % from $ 101 last month and up 13.1 % from 92 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
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 98 % original list price . The lower the ratio is below 100 % the more of
96 % 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 94 % Price of 95.8 % was up from 95.3 % last month and up from 94.7 % in May of last year . 92 % 90 % 88 % 86 %
91 92
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.9 %
94.7 %
3 Mo Avg
104
95.8 %
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 171 , down 10.9 % from 192 last month and down 2.3 % from 175 in May of last year .
84 %
700 600 500 400 300 200 100
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Inventory / New Listings / Sales
602 597 593 546 542
506 474 462
496
533 582 587 609 599
567
507
444 404
332
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339 368 394
421 458 436 440 439 425 439
404 368 386 412 421 442 458
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