DFW ARCHIVED September 2016 | Page 25

Smith Community Information | School District

Smith 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 0 , down 100.0 % from 93 days last month and down 100.0 % from 33 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 .
700 600 500 400 300 200
Days On Market for Sold Properties
3 Mo Avg
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 $ 0 was down 100.0 % from $ 195 last month and down 100.0 % from 175 in September 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
120 %
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
100 %
of a Seller ' s market . The September 2016 Selling Price vs
Original List Price of 0.0 % was down from 92.4 % last month
80 %
and down from 87.8 % in September of last year .
60 %
100 0
300 280 260 240 220 200 180 160 140 120 100
40 % 20 %
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 N D
J
F M A M J
J
A S
13
14
15
16
Selling Price per Square Foot
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 N D
J
F M A M J
J
A S
13
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
33
175
87.8 %
3 Mo Avg
3 Mo Avg
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 1 , down 80.0 % from 5 last month and down 66.7 % from 3 in September of last year .
50 45 40 35 30 25 20 15 10 5 0
0 %
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 N D
J
F M A M J
J
A S
13
14
15
16
19
19
16
17 20 18 22 24
27 31
Inventory / New Listings / Sales
28
26
23 22 20 22 23 25 23 23 27 26 28 28 26 25 25 27 28 29 29 29
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 N D
J
F M A M J
J
A
S
13
14
15
16
34 41
44
41 c o l d w e l l b a n k e r h o m e s . c o m | 25