DFW ARCHIVED April 2016 | Page 31

Market Action Report

County: Rockwall

April 2016

Rockwall
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 40, down 21.6% from 51
days last month and down 24.5% from 53 days in April of last
year. The April 2016 DOM was at its lowest level compared with
April of 2015 and 2014.

3 Mo Avg

80
70

62

60

53

50

40

40
30
20
10
0

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Selling Price per Square Foot

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 2016 Selling Price per Square Foot of $111 was up 5.0%
from $106 last month and up 13.3% from 98 in April of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

111
98

96

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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 98.0% was up from 96.6% last month and up from
96.7% in April of last year.

3 Mo Avg

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

99%

98.0%

98%
96.7%

97%
95.7%

96%
95%
94%
93%
92%
91%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

200

402

400

358

344

384

347

438

404

405

372

399

386

374

343

326

314

313

408

533
455

565

557

545

505

465

463

431

528

478

424

384

300

457

400

577

500

571

600

603

700

564

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 207, down 24.5% from 274 last month and
down 20.4% from 260 in April of last year.

100
0
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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.

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