DFW ARCHIVED October 2017 | Page 19

ROCKWALL

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 74 , down 79.7 % from 365 days last month and up from 0 days in October of last year . The October 2017 DOM was at its lowest 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 $ 219 was up 23.9 % from $ 177 last month and down 52.7 % from 462 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 91.3 % was up from 77.9 % last month and down from 97.9 % in October of last year .
500 450 400 350 300 250 200 150 100 50 0 -50
500 450 400 350 300 250 200 150 100
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
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
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
462
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.9 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
74
219
91.3 %
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 2017 was 5 , equal to 5 last month and equal to 5 in October of last year .
40 % 20 % 0 %
35 30 25 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
Inventory / New Listings / Sales
25 27
24 29 28 28 30 30
15 10 5
9 9 11 11 13 14 17 16 18 18 19
16
19
14
13 15 14 13 17 17 18
16
14 17 18 17
15 18
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
Coldwell Banker Global Luxury SM | 19