DFW ARCHIVED March 2016 | Page 21
Market Action Report
March 2016
Hood
County: Hood
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 70, down 1.4% from 71
days last month and down 26.3% from 95 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
140
120
100
95
91
80
70
60
40
20
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 $102 was up
4.9% from $97 last month and up 18.1% from 87 in March of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
102
87
87
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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 93.6% was down from 93.8% last month and up
from 93.5% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
86%
85%
93.6%
93.5%
91.9%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
460
434
400
379
442
412
427
441
440
459
422
395
368
339
332
444
404
300
437
567
507
609
599
587
582
533
496
462
546
597
542
506
474
400
593
500
627
600
602
700
593
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 161, up 8.1% from 149 last month and up
20.1% from 134 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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