DFW ARCHIVED September 2017 | Page 21

Hood Community Information | School District

Hood 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 55 , up 1.9 % from 54 days last month and down 20.3 % from 69 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
65
69
3 Mo Avg
55
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 2017 Selling Price per Square Foot of $ 116 was down 4.4 % from $ 121 last month and up 11.7 % from 104 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
98 %
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
96 %
of a Seller ' s market . The September 2017 Selling Price vs
94 %
Original List Price of 95.8 % was down from 96.0 % last month and up from 94.6 % 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 2017 was 137 , down 15.4 % from 162 last month and up 15.1 % from 119 in September of last year .
0
150 140 130 120 110 100 90 80 70 60 50
90 % 88 % 86 % 84 %
500 450 400 350 300 250 200 150 100 50 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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
102 104
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 versus Listing Price Ratio
95.1 %
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
441
401
329 336
365 391
418
Avg Selling Price divided by Avg Listing Price for sold properties during the month
454 429 431 428 411 425
387 351 357 374 368 380 368 351 346 336
94.6 %
317 314
291 265
3 Mo Avg
116
95.8 %
266 266 272 289 260 273 265 261
289
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
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