DFW ARCHIVED October 2017 | Page 17

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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 0 , up from 0 days last month and up from 0 days in October of last year . The October 2017 DOM was at a mid level compared with October of 2016 and 2015 .
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 $ 0 was up from $ 0 last month and up from 0 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 0.0 % was up from 0.0 % last month and up from 0.0 % in October of last year .
180 160 140 120 100 80 60 40 20 0
390 370 350 330 310 290 270 250
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
166
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
287
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 versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
82.2 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
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 October 2017 was 1 , up from 0 last month and down 50.0 % from 2 in October of last year .
8 7 6 5 4 3 2 1 0
0 %
2
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
1 1 0 0 1 1 2 2 2
Inventory / New Listings / Sales
1
1 4 4
3 6 6
7
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
3 3 3
2
2 3 3
2 4 4 4 4 4 4 4 6 6
7
Coldwell Banker Global Luxury SM | 17