DFW ARCHIVED September 2016 | Page 9

Dallas Community Information | School District

Dallas 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 85 , down 4.5 % from 89 days last month and up 25.0 % from 68 days in September of last year . The September 2016 DOM was at a mid level compared with September of 2015 and 2014 .
140 120 100 80 60 40
Days On Market for Sold Properties
67 68
3 Mo Avg
85
20
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 $ 366 was up 5.6 % from $ 346 last month and down 2.5 % from 375 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
96 %
original list price . The lower the ratio is below 100 % the more of
95 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The September 2016 Selling Price vs
94 %
Original List Price of 90.9 % was down from 92.9 % last month
93 %
and down from 93.8 % in September of last year .
92 %
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 220 , up 71.9 % from 128 last month and up 77.4 % from 124 in September of last year .
0
400 390 380 370 360 350 340 330 320 310 300
91 % 90 % 89 % 88 %
800 700 600 500 400 300 200 100
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
Selling Price per Square Foot
353
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
375
Selling Price versus Listing Price Ratio
93.9 % 93.8 %
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
407
380 327 332
369 408 418
Avg Selling Price divided by Avg Listing Price for sold properties during the month
435 461 443
Inventory / New Listings / Sales
408 402 375 356
273 301 326 356 383 413 408 382 389 402 417 397
307 357
467
534 583
617
3 Mo Avg
3 Mo Avg
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
660 644 616
366
90.9 %
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