DFW ARCHIVED June 2016 | Page 35

Tarrant Community Information | School District

Tarrant 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 30 , equal to 30 days last month and down 6.3 % from 32 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
70 60 50 40 30
39
32
30
20
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 June 2016 Selling Price per Square Foot of $ 109 was up 0.7 % from $ 108 last month and up 7.9 % from 101 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
100 %
original list price . The lower the ratio is below 100 % the more of
99 %
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
98 %
Price of 99.2 % was up from 99.1 % last month and up from 98.4 %
97 %
in June of last year .
96 %
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 3,396 , up 11.1 % from 3,058 last month and up 7.9 % from 3,147 in June of last year .
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Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
95 % 94 % 93 %
92
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101
Selling Price versus Listing Price Ratio
97.5 %
92 %
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Inventory / New Listings / Sales
7,000 6,000 5,000 4,000 3,000 2,000 1,000
5,785 5,772 5,524 5,295
4,939 4,382
Avg Selling Price divided by Avg Listing Price for sold properties during the month
4,385 4,383 4,328 4,512 4,724 4,945 5,048 5,108
4,593 4,046
3,575 3,011 3,063 3,090 3,126 3,284 3,521
98.4 %
3,778 4,035 4,081 4,117 3,976
3,671 3,231 3,090 3,153
3 Mo Avg
3,212 3,493 3,551
109
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99.2 %
4,113
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