DFW ARCHIVED March 2017 | Page 9

Market Action Report
County: Cherokee
March 2017
Cherokee
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 91, down 28.9% from
128 days last month and down 11.7% from 103 days in March of
last year. The March 2017 DOM was at its lowest level compared
with March of 2016 and 2015.
3 Mo Avg
200
180
160
140
120
103
101
91
100
80
60
40
20
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 $81 was up
14.8% from $71 last month and down 8.0% from 89 in March of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
89
81
67
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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 88.0% was up from 87.4% last month and down
from 91.3% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
95%
91.3%
89.3%
90%
88.0%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
250
100
150
200
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 49, up 19.5% from 41 last month and up
19.5% from 41 in March of last year.
50
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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