DFW ARCHIVED March 2017 | Page 15

Market Action Report
March 2017
Denton
County: Denton
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
60
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
50
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
40
Seller's market. The DOM for March was 43, down 2.3% from 44
days last month and equal to 43 days in March of last year. The
March 2017 DOM was at its lowest level compared with March of 30
2016 and 2015.
20
44
43
43
10
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
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
more normalized indicator on the direction of Property values.
The March 2017 Selling Price per Square Foot of $130 was up
1.1% from $128 last month and up 9.2% from 119 in March of last
year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
130
119
109
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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 2017 Selling Price vs Original
List Price of 98.2% was up from 97.6% last month and equal to
98.2% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
100%
99%
99%
98%
98%
97%
97%
96%
96%
95%
98.5%
98.2%
98.2%
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1,000
1,500
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
3,000
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
2,500
relationship between these items. The number of New Listings
in March 2017 was 1,881, up 41.4% from 1,330 last month and up 2,000
20.6% from 1,560 in March of last year.
500
0
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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.
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