DFW ARCHIVED March 2016 | Page 27

Market Action Report March 2016 Parker County: Parker Agent Name Title Phone Website Other Community Information | School District Price Range: $1,000,000 and Up | 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 61, up from 0 days last month and up from 0 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 250 200 150 100 61 50 0 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 A S O N D J F M 13 14 15 16 3 Mo Avg 3 Mo Avg 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 92.4% was up from 0.0% last month and up from 0.0% in March of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 92.4% 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 A S O N D J F M 13 14 15 16 Inventory / New Listings / Sales Inventory / New Listings / Sales 14 10 9 10 8 7 7 7 7 6 7 8 8 9 8 7 6 5 6 9 9 9 9 8 9 9 6 4 11 12 11 12 11 11 10 8 11 10 11 12 12 10 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