DFW ARCHIVED March 2016 | Page 11

Market Action Report

March 2016

Collin

County: Collin

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

3 Mo Avg

60

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
50
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
40
Seller's market. The DOM for March was 38, down 9.5% from 42
days last month and equal to 38 days in March of last year. The
March 2016 DOM was at its lowest level compared with March of 30
2015 and 2014.
20

41

38

38

10
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
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 March 2016 Selling Price per Square Foot of $122 was up
1.9% from $120 last month and up 8.1% from 113 in March of
last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

122
113
103

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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 March 2016 Selling Price vs Original
List Price of 98.3% was up from 97.9% last month and down
from 98.8% in March of last year.

3 Mo Avg

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

101%
100%

98.8%

99%

98.3%

97.8%

98%
97%
96%
95%
94%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

2,154

1,846

1,701

1,640

2,137

1,856

2,382

2,221

2,363
1,957

1,904

2,073

1,737

1,545

1,469

1,486

1,474

1,000

1,793

2,599

2,271

2,425

2,383

2,345

2,098

1,936

1,908

1,891

1,835

2,698

2,678

2,358

2,088

1,500

2,476

2,000

2,463

2,500

2,591

3,000

2,341

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 March 2016 was 1,735, up 23.0% from 1,411 last month and up
16.0% from 1,496 in March of last year.

500
0
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of North Texas Real Estate Information Syste