DFW ARCHIVED March 2017 | Page 14

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

County : Denton

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 434,413
-1%
6 %
Average List Price of all Current Listings
$ 519,652
-1%
6 %
March Median Sales Price
$ 297,500
5 %
4 %
8 %
9 %
$ 285,199
10 %
5 %
March Average Sales Price
$ 343,954
6 %
4 %
8 %
8 %
$ 331,688
9 %
4 %
Total Properties Currently for Sale ( Inventory )
2,428
20 %
27 %
March Number of Properties Sold
1,145
31 %
-9%
2,735
-4%
March Average Days on Market ( Solds )
43
-2%
-4%
0 %
13 %
44
0 %
16 %
Asking Price per Square Foot ( based on New Listings )
$ 138
0 %
1 %
8 %
8 %
$ 137
10 %
7 %
March Sold Price per Square Foot
$ 130
1 %
2 %
9 %
6 %
$ 128
9 %
5 %
March Month ' s Supply of Inventory
2.1
-8% -11% 39 %
17 %
2.4
16 %
31 %
March Sale Price vs List Price Ratio
98.2 %
. 6 %
. 7 %
. 0 %
. 2 %
97.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,800
March Property sales were 1,145 , down 8.6 % from 1,253 in
March of 2016 and 30.6 % higher than the 877 sales last month .
1,600
Property
March 2017 Sales sales were at a mid level compared to March of 2016
1,8001,400
March and 2015 Property . March sales YTD were sales 1,145 of , down 2,7358.6 are % running from 1,253 3.7 % in behind
March of 2016 and 30.6 % higher than the 877 sales last month .
1,6001,200 last year ' s year-to-date sales of 2,840 .
March 2017 sales were at a mid level compared to March of 2016
1,4001,000
and 2015 . March YTD sales of 2,735 are running 3.7 % behind last year ' s year-to-date sales of 2,840 .
1,200
800
1,000
600
Number of Properties Sold
800
400
600
200
400
0
200
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 297,500 , up 8.2 % from
A
M J
14
J
A S O N
DMedian
J
F M A Sales M J
J Price
A S O and N D Average
J
F M A MSales J
J
A Price S O N D
J
F M
15
16
17
3 Mo Avg
Prices
$ 274,900 in March of 2016 and up 4.8 % from $ 283,792 last
The month Median . The Sales Average Price Sales in March Price was in $ March 297,500 was , up $ 8.2 343,954 % from , up
$
7.8 274,900 % from in $ March 319,073 of 2016 in March and up of 4.8 2016 % from and up $ 283,792 5.9 % from last
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 324,703 . The last Average month Sales . March Price 2017 in March ASP was $ at 343,954 the highest , up level
7.8 compared % from $ to 319,073 March in of March 2016 of and 2016 2015 and . up 5.9 % from
320
$ 324,703 last month . March 2017 ASP was at the highest level
300
300
280
compared to March of 2016 and 2015 .
280
260
260
240
240 220

Denton

1,083 1,276
1,083 1,276 1,429 1,415 1,358 1,085 1,067 794 1,013 634 776 1,036 1,121 1,329 1,529 1,495 1,414 1,212 1,025 814 1,087 668 919 1,253 1,185 1,387 1,471 1,387 1,476 1,279 1,086 976 1,131 713 877 1,145
220 200 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
200 14
15 16
17
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 & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 2,428 Inventory , up 20.4 of % Properties from 2,017 available last month for sale and as up of 27.5 March % from 3,000
3.0 was 1,905 2,428 in , March up 20.4 of % last from year 2,017 . March last month 2017 Inventory and up 27.5 was % from at its 3,000 2,500
3.0 2.5
1,905 highest in March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its 2,500 2.5 highest level compared with March of 2016 and 2015 . 2,000
2.0
2,000 2.0
1,500 1.5
1,500 1.5
A comparatively lower MSI is more beneficial for sellers while a 1,000 1.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 2.1 a 1,000 1.0
500 0.5 higher months MSI was is better at its highest for buyers level . The compared March 2017 with MSI March of 2.1 of 2016 500 0.5 months and 2015 was . at its highest level compared with March of 2016 0
0.0 and 2015 .
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 0.0 J F M
A M
14 J J A S O N D J F M
15
A M J J A S O N D J F M 16 A M J J A S O N D J F M
17 14
15 16
17
2,087 2,310
2,087 2,417 2,470
Agent Name
Title Phone Website Other

Community Information | School District

1,429 1,415 1,358 1,085
2,310 2,417 2,470 2,529 2,260
2,529 2,260
2,098 1,834
1,539
1,067 794 1,013
2,098 1,834
1,539
634 776
1,590 1,567 1,611
1,769 1,925
Number of Properties Sold
1,036
1,590 1,567 1,611
1,121 1,329 1,529 1,495
2,120
1,769 2,297 2,228
1,925
2,124 2,075
1,414 1,212 1,025 814 1,087 668
2,120 2,297 2,228 2,124 2,075 1,936 1,757 1,779 1,821
1,936 1,757 1,779 1,821 1,905 2,001 2,044 919 1,253 1,185 1,387
1,905 2,250 2,397
2,313 2,290 2,221 1,471 1,387 1,476
3 Mo Avg
1,279 1,086
2,001
2,044 2,250 2,397 2,313 2,290 2,221 2,080
2,080 1,906 1,932 2,017
2,428 976 1,131
1,906 1,932
3 Mo Avg
713 877
2,017 2,428
1,145
14 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage 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 .