DFW ARCHIVED March 2017 | Page 32

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

County : Smith

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
$ 275,000
6 %
14 %
Average List Price of all Current Listings
$ 348,776
4 %
7 %
March Median Sales Price
$ 188,000
5 %
3 %
9 %
5 %
$ 185,000
6 %
4 %
March Average Sales Price
$ 216,878
2 %
-1%
3 %
1 %
$ 221,781
5 %
3 %
Total Properties Currently for Sale ( Inventory )
1,217
13 %
7 %
March Number of Properties Sold
286
38 %
25 %
651
12 %
March Average Days on Market ( Solds )
71
3 %
1 %
6 %
11 %
70
-1%
9 %
Asking Price per Square Foot ( based on New Listings )
$ 118
-3%
4 %
10 %
9 %
$ 116
5 %
7 %
March Sold Price per Square Foot
$ 100
5 %
3 %
4 %
2 %
$ 98
3 %
0 %
March Month ' s Supply of Inventory
4.3 -18% -22% -14% -15%
5.4
-7%
8 %
March Sale Price vs List Price Ratio
95.1 %
. 4 %
. 2 %
. 4 %
. 1 %
94.9 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
219 254 283 226 232 244 239 204 226 153 147 240 223 256 313 306 316 228 235 171 231 169 185 228 248 277 331 280 308 273 235 195 200 157 208 286
1,300 1,247 1,295 1,407 1,374 1,283 1,220 1,111 993 969
A 14

Smith

219 254
Agent Name
283
Title Phone Website Other

Community Information | School District

226 232 244 239 204
J A S O N D J
15
226 153 147
Number of Properties Sold
Property Sales
350
March Property sales were 286 , up 25.4 % from 228 in March of
2016 and 37.5 % higher than the 208 sales last month . March
300
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to March of 2016
350
March and 2015 Property . March sales YTD were sales 286 , of up 651 25.4 are % running from 22811.9 in March % ahead of of
250
2016 last and year 37.5 ' s year-to-date % higher than sales the of 208 582 sales . last month . March
2017 sales were at their highest level compared to March of 2016
and 2015 . March YTD sales of 651 are running 11.9 % ahead of last year ' s year-to-date sales of 582 .
300
250
200
150
200
100
150
50
100
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 188,000 , up 8.8 % from
Prices
$ 172,750 in March of 2016 and up 5.5 % from $ 178,250 last
The month Median . The Sales Average Price Sales in March Price was in $ March 188,000 was , up $ 216,878 8.8 % from , up
250
$
2.8 172,750 % from in March $ 211,018 of 2016 in March and up of 5.5 2016 % from and up $ 178,250 2.0 % from last month . The Average Sales Price in March $ 216,878 , up
240
$ 212,627 last month . March 2017 ASP was at the highest level
2.8 compared % from $ to 211,018 March in of March 2016 of and 2016 2015 and . up 2.0 % from
230
$ 212,627 last month . March 2017 ASP was at the highest level
220
A
M J
14
250
240
230
220
210
200
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to March of 2016 and 2015 .
210
200
190
180
170
160
150
190
180
170
160
150
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
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
Inventory & MSI
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
The was Total 1,217 Inventory , up 13.0 % of from Properties 1,077 available last month for and sale up as of 7.4 March % from
1,600 was
1,133 1,217 in , March up 13.0 of % last from year 1,077 . March last month 2017 and Inventory up 7.4 % was from at its
1,6001,400
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
8.0
7.0
1,133 highest in March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its highest level compared with March of 2016 and 2015 .
1,4001,200
1,2001,000
7.0
6.0
6.0
5.0
1,000
800
5.0
4.0
800
A comparatively lower MSI is more beneficial for sellers while a
600
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 4.3 a higher MSI is better for buyers . The March 2017 MSI of 4.3
400 months was at a mid level compared with March of 2016 and months was at a mid level compared with March of 2016 and
200
2015 .
2015 .
0
600
400
200
0
A
M J
M
14 J
J A S O N D J
F M A M J
F M
15 A M J
J A S O N D J
F M A M J
F M
16 A M J
4.0
3.0
2.0
1.0
J A S O N D
0.0 J
F M
F M
17
3.0
2.0
1.0
0.0
1,300 1,247 1,295 1,407 1,374 1,283 1,220 1,111 993
240 223 256 313
993 1,017 1,070 1,105 1,109 1,142 1,126 1,185 306 316 228 235
1,194 1,136 1,056 1,089 1,133 1,133 1,176 1,178 1,214 1,265 1,270 1,234 1,219 1,203 1,096 1,081 1,077
1,217
J A S O N D J
16
171 231 169 185
969 993 1,017 1,070 1,105 1,109 1,142 1,126 1,185 1,194 1,136 1,056 1,089 1,133 1,133 228 248 277 331 280 308 273
J A S O N D J
17
235 195 200
1,176 1,178 1,214 1,265 1,270 1,234 1,219 1,203 1,096 1,081
3 Mo Avg
157 208
1,077 1,217
286
32 | 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 .