DFW ARCHIVED October 2016 | Page 11

Denton Community Information | School District

Denton 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 October was 42 , down 70.2 % from 141 days last month and down 78.5 % from 195 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
59
195
3 Mo Avg
42
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 October 2016 Selling Price per Square Foot of $ 255 was down 11.9 % from $ 289 last month and down 16.2 % from 304 in October 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 October 2016 Selling Price vs Original List Price of 94.3 % was up from 93.8 % last month and down from 94.4 % in October of last year .
0
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
N
D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O
13
14
15
16
Selling Price per Square Foot
267
N
D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O
13
14
15
16
304
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.1 %
3 Mo Avg
3 Mo Avg
255
94.4 % 94.3 %
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 October 2016 was 15 , down 11.8 % from 17 last month and up 15.4 % from 13 in October of last year .
120 100
0 %
80 60
N
D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O
13
14
15
16
78
64 65
72 82
90
84 91 94
87
Inventory / New Listings / Sales
81
76
69
65 74
80 88 91 90 92
81 78 76
67 74 75 85 88 90 93 103 99 98 98
40
47
53
20 0
N
D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O
13
14
15
16
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