Collin Community Information | School District
Collin 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 July was 27 , down 6.9 % from 29 days last month and up 12.5 % from 24 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 . |
60
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31 |
24 |
27 |
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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 July 2016 Selling Price per Square Foot of $ 127 was down 0.1 % from $ 128 last month and up 9.4 % from 116 in July 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 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 99.0 % was up from 98.8 % last month and down from 99.3 % in July of last year .
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16 |
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Selling Price per Square Foot |
3 Mo Avg |
150 140 130 120 110 100 90 80 70 60 50
101 % 100 % 99 % 98 % 97 % 96 % 95 %
106
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116
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.2 %
99.3 %
3 Mo Avg
127
99.0 %
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 July 2016 was 2,075 , down 0.7 % from 2,090 last month and down 5.6 % from 2,197 in July of last year .
94 %
3,500 3,000 2,500 2,000 1,500 1,000
500
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Inventory / New Listings / Sales |
2,698 2,476 2,358
2,087 1,834 1,907 1,890 1,935
2,097 2,344 2,382 2,424
2,599 2,271
2,073
1,792 1,484 1,473 1,468 1,543
1,735 1,901 1,953 2,350 2,366 2,204 2,112
1,820 1,595 1,645 1,758
1,964 2,199 2,253
2,577 3,212
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c o l d w e l l b a n k e r h o m e s . c o m | 11