DFW ARCHIVED May 2016 | Page 7

Anderson Community Information | School District

Anderson 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 82 , down 49.7 % from 163 days last month and up 256.5 % from 23 days in May of last year . The May 2016 DOM was at a mid level compared with May of 2015 and 2014 .
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82
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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 $ 55 was up 5.6 % from $ 52 last month and down 39.6 % from 91 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 90.0 % was up from 66.7 % last month and down from 108.6 % in May 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 108.6 %
85.5 %
91
3 Mo Avg
55
90.0 %
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 May 2016 was 12 , down 7.7 % from 13 last month and up 20.0 % from 10 in May of last year .
70 60 50 40 30
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Inventory / New Listings / Sales
50 56 57 55
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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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39 41
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20 10 0
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