Rockwall Community Information | School District
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 September was 61 , up from 0 days last month and down 27.4 % from 84 days in September of last year . The September 2016 DOM was at its lowest level compared with September of 2015 and 2014 .
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 $ 194 was up from $ 0 last month and up 14.5 % from 170 in September of last year .
500 450 400 350 300 250 200 150 100 50 0
350
300
250
200
150
Days On Market for Sold Properties
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F M A M J |
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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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F M A M J |
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A S |
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
84
170
3 Mo Avg
3 Mo Avg
61
194
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 94.9 % was up from 0.0 % last month and up from 93.9 % in September of last year .
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 2 , down 50.0 % from 4 last month and equal to 2 in September of last year .
100
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
30 25 20 15 10 5
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15
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.9 % 94.9 %
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A S O N D |
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13 12 12 13
15 19 18 19 19
Inventory / New Listings / Sales
16
15
10 9 9 11 11 13 14 17 16 18 18 19
16
20
15
15 17 16 15
21
3 Mo Avg
24 27 26 25
0
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S O N D |
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F M A M J |
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S O N D |
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