DFW ARCHIVED July 2017 | Page 11

DENTON

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 July was 50 , down 54.5 % from 110 days last month and up 78.6 % from 28 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
350 300 250 200 150
100 50
56
28
50
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 July 2017 Selling Price per Square Foot of $ 207 was down 10.4 % from $ 231 last month and up 2.1 % from 203 in July 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 July 2017 Selling Price vs Original List Price of 95.8 % was up from 89.0 % last month and down from 96.1 % in July of last year .
0
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
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 M J
14
15
16
17
Selling Price per Square Foot
241
Selling Price versus Listing Price Ratio
203 207
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 M J
14
15
16
17
Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.5 %
3 Mo Avg
3 Mo Avg
96.1 % 95.8 %
J
J
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 July 2017 was 15 , down 16.7 % from 18 last month and down 21.1 % from 19 in July of last year .
120 100
0 %
80 60
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 M J
14
15
16
17
87 81 76
69
64 73
79 87
Inventory / New Listings / Sales
90 89 91
80 77 75
66 71 70 80 80 82 82 90 85 84 81 79
70 69 73 78
84
J
104 103 104
40
47
53
20 0
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 M J
14
15
16
17
J
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