DFW ARCHIVED April 2016 | Page 17

Market Action Report

April 2016

Ellis

County: Ellis

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
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 April was 56, up 7.7% from 52
days last month and down 5.1% from 59 days in April of last year.
The April 2016 DOM was at its lowest level compared with April
of 2015 and 2014.

90

3 Mo Avg

78

80
70

59

60

56

50
40
30
20
10
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
13
14
15
16

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $97 was up 0.3%
80
from $97 last month and up 7.9% from 90 in April of last year.
75
70
65
60
55
50

3 Mo Avg
97

90
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
13
14
15
16

Selling Price versus Listing Price Ratio

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 2016 Selling Price vs Original List
Price of 97.0% was up from 96.8% last month and down from
97.6% in April of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.6%

98%

97.0%

97%
96%

95.5%

95%
94%
93%
92%
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
13
14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

800

467

459

450

436

416

456

426

455

505

455

460

430

428

413

399

421

418

508

613

546

583

581

578

571

559

586

566

583

665

641

695

300

455

400

623

500

688

600

695

700
648

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 2016 was 278, up 9.4% from 254 last month and up 3.7%
from 268 in April of last year.

200
100
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
13
14
15
16
Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of North Texas Real Estate Information Systems, Inc., Greater Tyler Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

C O L DW EL L B A N K ER H O M ES.C O M | 17