DFW ARCHIVED March 2016 | Page 23

Market Action Report

March 2016

Hunt

County: Hunt

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

120

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
100
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
80
Seller's market. The DOM for March was 86, down 8.5% from 94
days last month and down 10.4% from 96 days in March of last
60
year. The March 2016 DOM was at a mid level compared with
March of 2015 and 2014.
40

96
86

82

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
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 $75 was down
80
8.5% from $82 last month and up 7.1% from 70 in March of last
75
year.
70
65
60
55
50

3 Mo Avg

75
70
64

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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 91.3% was down from 93.3% last month and up
from 91.2% in March of last year.

3 Mo Avg

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

96%
94%

91.5%

92%

91.3%

91.2%

90%
88%
86%
84%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

600

229

215

266

245

287

286

292

281

280

282

263

254

250

240

247

249

303

342

200

327

399

377

392

391

389

376

378

363

486

478

436

418

405

361

300

476

400

465

500
452

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 135, up 57.0% from 86 last month and up
50.0% from 90 in March of last year.

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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