DFW ARCHIVED July 2016 | Page 23

Market Action Report
County: Rockwall

July 2016

Rockwall
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | 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 July was 67, down 85.0% from
446 days last month and up 9.8% from 61 days in July of last
year. The July 2016 DOM was at a mid level compared with July
of 2015 and 2014.

3 Mo Avg

500
450
400
350
300
250
200
150
100

67

61

50
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
350
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 300
more normalized indicator on the direction of Property values.
The July 2016 Selling Price per Square Foot of $245 was up 8.2% 250
from $226 last month and up 39.5% from 175 in July of last year.

3 Mo Avg

245

200

175

150
100
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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 July 2016 Selling Price vs Original List
Price of 87.7% was up from 67.4% last month and down from
88.9% in July of last year.

3 Mo Avg

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

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

88.9%

87.7%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

35
29

33

30

20

16

20

21
16

20
17

18

18
16

14

11

11
9

5

9

10

13

15

17

19
16

19

19
15
13

12

12

13

10

15

17

15

18

20

19

26

25

16

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 2016 was 6, up 20.0% from 5 last month and up 200.0%
from 2 in July of last year.

0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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 Residential Brokerage
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

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