DFW ARCHIVED October 2017 | Page 11

DENTON

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 90 , up 52.5 % from 59 days last month and up 114.3 % from 42 days in October of last year . The October 2017 DOM was at a mid level compared with October of 2016 and 2015 .
300
250
200
150
100
195
90
50
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 2017 Selling Price per Square Foot of $ 203 was down 12.5 % from $ 232 last month and down 20.4 % from 255 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 2017 Selling Price vs Original List Price of 91.4 % was down from 98.4 % last month and down from 94.3 % 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
14
15
16
17
Selling Price per Square Foot
304
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
14
15
16
17
255
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.4 % 94.3 %
3 Mo Avg
3 Mo Avg
203
91.4 %
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 2017 was 17 , down 26.1 % from 23 last month and up 54.5 % from 11 in October of last year .
0 %
100 90 80 70 60 50 40 30 20 10 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
14
15
16
17
69
47 53
64 73
79 87 90 89 91
Inventory / New Listings / Sales
80 77 75
66 71 70 80 79 81
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
14
15
16
17
80
88
81 78 74 72
63 62 65 68 72 87 84 83 80
87 93
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