DFW ARCHIVED July 2016 | Page 14

Denton Community Information | School District

Denton Community Information | School District

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 395,450
-3%
13 %
Average List Price of all Current Listings
$ 475,724
-3%
8 %
July Median Sales Price
$ 281,000
-1%
1 %
13 %
12 %
$ 272,209
9 %
9 %
July Average Sales Price
$ 325,186
-4%
0 %
11 %
10 %
$ 318,430
8 %
8 %
Total Properties Currently for Sale ( Inventory )
2,760
15 %
20 %
July Number of Properties Sold
1,331
-8%
-11%
8,177
3 %
July Average Days on Market ( Solds )
31
-6%
-6%
11 %
-16%
37
3 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 129
0 %
1 %
11 %
9 %
$ 127
9 %
8 %
July Sold Price per Square Foot
$ 124
0 %
1 %
9 %
10 %
$ 121
9 %
7 %
July Month ' s Supply of Inventory
2.1
25 %
18 %
35 %
16 %
1.9
10 %
6 %
July Sale Price vs List Price Ratio
98.9 %
. 2 %
. 0 %
. 1 %
. 8 %
98.6 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales July Property sales were 1,331 , down 11.0 % from 1,495 in July of 2015 and 8.0 % lower than the 1,446 sales last month . July 2016 sales were at their lowest level compared to July of 2015 and 2014 . July YTD sales of 8,177 are running 3.2 % ahead of last year ' s year-to-date sales of 7,920 .
Prices The Median Sales Price in July was $ 281,000 , up 12.8 % from $ 249,200 in July of 2015 and down 1.4 % from $ 285,000 last month . The Average Sales Price in July was $ 325,186 , up 10.6 % from $ 294,003 in July of 2015 and down 4.0 % from $ 338,596 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
350 330 310 290 270 250 230 210 190 170 150
Number of Properties Sold
3 Mo Avg
1,381 1,070 940 837 848 593 740 1,007 1,083 1,277 1,427 1,415 1,358 1,085 1,067 794 1,013 634 776 1,036 1,121 1,329 1,529 1,495 1,413 1,213 1,024 814 1,087 668 918 1,251 1,179 1,384 1,446 1,331
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 M J
J
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
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 M J
13
14
15
16
J
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of July was 2,760 , up 15.3 % from 2,394 last month and up 20.2 % from 2,296 in July of last year . July 2016 Inventory was at its highest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 2.1 months was at its highest level compared with July of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
3,000
3,000
3.5
2,500
2,500
3.0
2,000
2,000
2.5
1,500
1,500
1,000
1,000
500
500
2.0
1.5
1.0
0.5
0
0
0.0
A
S AO
NS DO
NJ FD
MJ
AF M JA JMA J S JOAN SD
OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ
NA DS JO FNM DA
JMF J
MJ A M J
J
13
13
14
14
15
15
16
16
2,535 2,406 2,295
2,094
2,535 2,406 2,295
2,094 1,822
1,822
1,891 2,086 1,970
1,891 1,970 1,997
2,309 2,416 2,469 2,309 2,528
2,259
1,997 2,086
2,416 2,469 2,528
2,259 2,097
2,097
1,833 1,539
1,590 1,833
1,539 1,590
1,568 1,612
1,770
1,568 1,925
1,612 2,120
1,770 2,296
1,925 2,228 2,120
2,296 2,228 2,127 2,084 1,947
1,769
2,127 2,084 1,947 1,769 1,796 1,845 1,944 2,064 2,133
2,394 2,760
1,796 1,845 1,944 2,064 2,133
2,394
2,760
3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
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