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 September was 141 , up 182.0 % from 50 days last month and up 34.3 % from 105 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 . |
350 300 250 200 150 100 |
Days On Market for Sold Properties
324
105
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3 Mo Avg
141
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50 |
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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 September 2016 Selling Price per Square Foot of $ 289 was down 23.2 % from $ 377 last month and up 31.7 % from 220 in September of last year .
0
400
350
300
250
200
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A S O N D |
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F M A M J |
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A S O N D |
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13 |
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14 |
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15 |
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16 |
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Selling Price per Square Foot
349
220
3 Mo Avg
289
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 September 2016 Selling Price vs Original List Price of 93.8 % was down from 96.6 % last month and up from 86.7 % in September of last year .
150
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
81.2 %
86.7 %
3 Mo Avg
93.8 %
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 September 2016 was 17 , up 13.3 % from 15 last month and equal to 17 in September of last year .
120 100 80 60
0 %
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16 |
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79
78
64 65
72 82
90
84 91 94
Inventory / New Listings / Sales
87 81 76
69
65 74
80 88 91 90 92
81 78 77
68 75 76 86 90 92 95 105 102 101
40
47
53
20 0
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c o l d w e l l b a n k e r h o m e s . c o m | 11