DFW ARCHIVED March 2016

Market Action Report March 2016 Smith County: Smith 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 47, up 1466.7% from 3 days last month and down 56.1% from 107 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 700 600 500 400 300 200 107 100 47 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 79.4% was down from 96.3% last month and down from 85.0% in March of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 100% 85.0% 79.4% 80% 60% 40% 20% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 31 28 27 31 29 30 29 28 24 25 24 23 22 22 20 26 28 23 22 20 18 17 19 16 24 27 27 31 32 19 15 24 20 28 25 33 30 36 35 37 40 31 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 4, down 63.6% from 11 last month and down 33.3% from 6 in March of last year. 10 5 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 Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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. c o l dw el l b a n k er h o m es.c o m | 31

DFW ARCHIVED March 2016 | Page 31