DFW ARCHIVED July 2016 | Page 17
Market Action Report
July 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 July was 40, down 13.0% from 46
days last month and down 29.8% from 57 days in July of last
year. The July 2016 DOM was at its lowest level compared with
July of 2015 and 2014.
3 Mo Avg
90
80
70
57
55
60
50
40
40
30
20
10
0
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
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 July 2016 Selling Price per Square Foot of $101 was up 0.4%
from $101 last month and up 9.9% from 92 in July of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
101
92
85
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
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 97.5% was down from 97.9% last month and up from
96.6% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99%
98%
97.5%
97.1%
96.6%
97%
96%
95%
94%
93%
92%
91%
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
Inventory / New Listings / Sales
Inventory / New Listings / Sales
800
521
467
440
437
445
439
422
411
451
421
450
500
450
665
613
546
583
581
578
571
559
586
566
508
458
429
428
413
399
421
418
300
455
400
583
500
623
600
688
700
641
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 279, down 14.4% from 326 last month and
down 20.7% from 352 in July of last year.
200
100
0
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
Copyright © Coldwell Banker Residential Brokerage | 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 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
| 17