DFW ARCHIVED April 2017 | Page 25

Johnson Community Information | School District

Johnson Community Information | School District

Market Time
80
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
70
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
60
Seller ' s market . The DOM for April was 33 , down 26.7 % from 45
50
days last month and down 15.4 % from 39 days in April of last
year . The April 2017 DOM was at its lowest level compared with
40
April of 2016 and 2015 .
30
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 April 2017 Selling Price per Square Foot of $ 97 was up 2.7 % from $ 94 last month and up 5.9 % from 91 in April 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 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 April 2017 Selling Price vs Original List Price of 97.4 % was up from 96.7 % last month and down from 97.5 % in April 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 April 2017 was 281 , down 3.4 % from 291 last month and down 2.8 % from 289 in April of last year .
20 10
Days On Market for Sold Properties
49
0
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 O N D
J
F M A
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
100 95 90 85 80 75 70 65 60 55 50
99 % 98 % 97 % 96 % 95 % 94 % 93 % 92 %
81
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 O N D
J
F M A
14
15
16
17
Selling Price versus Listing Price Ratio
96.1 %
39
91
97.5 % 97.4 %
91 %
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 O N D
J
F M A
14
15
16
17
Inventory / New Listings / Sales
700 600 500 400 300 200 100
581 591 565 572
519 467
409
Avg Selling Price divided by Avg Listing Price for sold properties during the month
352 381 357 377 368 384 379 414 397 366 394 400 399 373 341 335 360 331 346 367 405 377 411 410 402
3 Mo Avg
3 Mo Avg
411 419 439
33
97
468
0
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 O N D
J
F M A
14
15
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 25