DFW ARCHIVED October 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 October was 113 , up 25.6 % from 90 days last month and up 46.8 % from 77 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
250
200
150
100
101
77
113
50
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 $ 89 was down 6.1 % from $ 95 last month and down 27.2 % from 122 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 92.1 % was up from 91.0 % last month and down from 96.0 % in October of last year .
0
150 140 130 120 110 100 90 80 70 60 50
100 %
95 %
90 %
85 %
80 %
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
3 Mo Avg
73
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
122
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
86.3 %
96.0 %
3 Mo Avg
89
92.1 %
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 28 , down 24.3 % from 37 last month and down 17.6 % from 34 in October of last year .
75 %
250
200
150
100
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
Inventory / New Listings / Sales
211
181 178 172 179 172 185 189 185 180 159 159 156 148 158 155 149 139 148 151
165 177 181 179 175
152 155 153 151 152 161 165 164 148 158 166
50
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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