DFW ARCHIVED March 2017 | Page 11

Collin Community Information | School District

Collin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time
50
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
45
40
38
39
43
Buyer ' s market , a downward trend a move towards more of a
35
Seller ' s market . The DOM for March was 43 , down 8.5 % from 47 days last month and up 10.3 % from 39 days in March of last year . The March 2017 DOM was at a mid level compared with
30
25
March of 2016 and 2015 .
20
15
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
14
15
16
17
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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
150
145
140
136
more normalized indicator on the direction of Property values .
135
The March 2017 Selling Price per Square Foot of $ 136 was up
130
3.4 % from $ 132 last month and up 11.3 % from 122 in March of
125
122
last year .
120
115
113
110
105
100
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
14
15
16
17
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 2017 Selling Price vs Original List Price of 98.3 % was up from 97.6 % last month and up from 98.2 % in March of last year .
101 % 100 % 99 % 98 % 97 % 96 % 95 %
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.8 %
3 Mo Avg
98.2 % 98.3 %
Inventory / New Listings / Sales 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 2017 was 2,113 , up 47.8 % from 1,430 last month and up 24.9 % from 1,692 in March of last year .
94 %
3,000 2,500 2,000 1,500 1,000
500 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
14
15
16
17
Inventory / New Listings / Sales
2,097 2,344 2,382 2,424
2,599 2,271
2,073
1,792 1,484 1,473 1,468 1,543
1,735 1,900 1,952 2,348 2,361 2,197 2,102
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
14
15
16
17
1,810 1,585 1,633 1,735
1,907 2,120 2,149
2,420 2,707 2,634 2,652 2,581
2,432 2,144 2,120 2,223
2,801 c o l d w e l l b a n k e r h o m e s . c o m | 11