DFW ARCHIVED June 2016 | Page 33

Smith Community Information | School District

Smith 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 June was 60 , equal to 60 days last month and down 9.1 % from 66 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
120
100
80
60
40
76
66
60
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 June 2016 Selling Price per Square Foot of $ 101 was up 2.4 % from $ 99 last month and up 5.6 % from 96 in June 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 97 % original list price . The lower the ratio is below 100 % the more of
96 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The June 2016 Selling Price vs Original List 95 % Price of 96.4 % was up from 95.7 % last month and up from 95.0 % in June of last year .
94 %
0
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
93 % 92 % 91 %
91
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.5 %
96
95.0 %
3 Mo Avg
101
J
96.4 %
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 June 2016 was 390 , up 11.7 % from 349 last month and up 2.6 % from 380 in June of last year .
90 %
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Inventory / New Listings / Sales
1,600 1,400 1,200 1,000 800 600 400 200
0
1,488 1,482 1,453
1,390
1,322 1,202 1,203 1,173 1,241 1,293 1,239 1,287 1,399 1,366
1,275
1,211 1,101 983
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960 984 1,008 1,058 1,090 1,093 1,124 1,107 1,163 1,160 1,103 1,018 1,041 1,077 1,049 1,058 1,044
1,162
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