DFW ARCHIVED March 2016 | Page 17

Market Action Report

March 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 March was 52, down 10.3% from
58 days last month and down 28.8% from 73 days in March of
last year. The March 2016 DOM was at its lowest level compared
with March of 2015 and 2014.

3 Mo Avg

90
80

73

70

64

60

52

50
40
30
20
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The March 2016 Selling Price per Square Foot of $97 was up
80
3.0% from $94 last month and up 14.3% from 85 in March of last 75
year.
70
65
60
55
50

3 Mo Avg
97

85

84

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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 96.8% was up from 95.2% last month and up from
95.8% in March of last year.

3 Mo Avg

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

98%

96.8%

97%

96.0%

96%

95.8%

95%
94%
93%
92%
91%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

800

466

463

441

420

458

432

456

506

456

460

430

428

413

399

421

418

300

508

400

455

613

546

583

581

578

571

559

586

566

583

665

641

695

688

623

500

695

600

649

700
648

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 255, up 2.8% from 248 last month and up
14.3% from 223 in March of last year.

200
100
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 Systems, Inc., Greater Tyler Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
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.

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