DFW ARCHIVED September 2017 | Page 13

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 33 , up 6.5 % from 31 days last month and up 6.5 % from 31 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
60
50
40
30
20
Days On Market for Sold Properties
34
31
3 Mo Avg
33
10
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 2017 Selling Price per Square Foot of $ 149 was down 0.3 % from $ 149 last month and up 6.4 % from 140 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
99 %
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
98 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 97.1 % was down from 97.7 % last month
97 %
and down from 97.5 % in September of last year .
96 %
0
200 190 180 170 160 150 140 130 120 110 100
95 % 94 %
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
124
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
14
15
16
17
140
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.9 %
97.5 %
3 Mo Avg
149
97.1 %
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 2017 was 2,665 , down 5.8 % from 2,829 last month and up 6.5 % from 2,503 in September of last year .
93 %
6,000 5,000 4,000 3,000 2,000
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
14
15
16
17
Inventory / New Listings / Sales
3,959
3,520 2,895 2,928 2,877 2,837 3,071 3,261 3,498 3,774 3,830 3,809 3,730 3,524 2,980 3,020 3,039 3,126 3,167 3,221 3,484 3,593 3,468 3,657 3,597 3,387 2,880 3,080 3,176 3,446 3,493 3,663 4,075 4,250 4,429
4,782
1,000 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
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