DFW ARCHIVED June 2016 | Page 8

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Cherokee

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Phone 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
$ 195,750
-13%
37 %
Average List Price of all Current Listings
$ 292,494
-1%
13 %
June Median Sales Price
$ 124,000
25 %
-2%
7 %
5 %
$ 125,000
9 %
6 %
June Average Sales Price
$ 150,607
11 %
-6%
23 %
0 %
$ 154,077
22 %
2 %
Total Properties Currently for Sale ( Inventory )
174
7 %
15 %
June Number of Properties Sold
15
-50%
7 %
121
1 %
June Average Days on Market ( Solds )
129
50 %
34 %
32 %
5 %
96
-21%
-22%
Asking Price per Square Foot ( based on New Listings )
$ 100
-7%
3 %
-14%
11 %
$ 95
6 %
6 %
June Sold Price per Square Foot
$ 74
20 %
-4%
8 %
-1%
$ 78
18 %
4 %
June Month ' s Supply of Inventory
11.6
115 % 51 %
8 %
26 %
8.4
-3%
-9%
June Sale Price vs List Price Ratio
97.5 %
10.3 % 6.7 % 16.2 %
8.9 %
90.7 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Title
Website Other
Property Sales June Property sales were 15 , up 7.1 % from 14 in June of 2015 and 50.0 % lower than the 30 sales last month . June 2016 sales were at a mid level compared to June of 2015 and 2014 . June YTD sales of 121 are running 0.8 % ahead of last year ' s year-todate sales of 120 .
Prices The Median Sales Price in June was $ 124,000 , up 6.7 % from $ 116,250 in June of 2015 and up 25.3 % from $ 99,000 last month . The Average Sales Price in June was $ 150,607 , up 23.1 % from $ 122,321 in June of 2015 and up 10.8 % from $ 135,942 last month . June 2016 ASP was at a mid range compared to June of 2015 and 2014 .
35 30 25 20 15 10 5 0
350 300 250 200 150 100 50
35 30 25 20 15 10 5 0
Number of Properties Sold
18 26 10 29 10 15 14 14 10 20 31 32 15 11 20 20 21 15 15 11 24 24 32 14 29 14 24 13 18 15 15 15 22 24 30 15
J 13
350
300 250 200 150 100
18
J
26 10 29 10
13
A
S
O N D
J
14
15 14
A S O N D J
14 10 20 31 32 15 11 20 20
14
F M A M
J
J
A
S
O N D
J
15
15
F M A M
J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
21
15
3 Mo Avg
3 Mo Avg
50
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
A
S
O N D
J
F M A M J
J 13
A
13
S
O N D
J 14
F
M14 A M J
J
A
S
O N D
J 15
F
M15 A M J
J
A
S
O N D
J 16
F M A16M J
15 11 24 24
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
16
F M A M
J
32 14 29 14 24 13 18 15 15 15 22
3 Mo Avg
24 30 15
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of June was 174 , up 7.4 % from 162 last month and up 15.2 % from 151 in June of last year . June 2016 Inventory was at a mid level compared with June of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The June 2016 MSI of 11.6 months was at its highest level compared with June of 2015 and 2014 .
250 200 150 100 50 0
250
200
201
150
100
50
218
208 201
218
207
211 208
Total Inventory & Month ' s Supply of Inventory ( MSI )
207
181
211
178
172 181
179 178 172
172 185 179
189 172 185
185 180
189 159
185 159
180
156 148
159
157 159
154 156
148 148
138 157
147 154
151 148
138 164
147 176
151 180
178 164 173 176
150 180
154 178
152 173
151 150
144 154 162 152 174 151
0
0.0
J
A JS
OA NS DO
NJ FD
MJ
AF M JA JMA J S JOAN SD
OJ
NF DM
AJ
MF MJ
AJ
MA SJ
OJ
NA DS JO FNM DA
JMF J M A M J
13
13
14
14
15
15
16
16
25.0
20.0
15.0
144
10.0
5.0
162
174
25.0 20.0 15.0 10.0 5.0 0.0
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