DFW ARCHIVED May 2016 | Page 10

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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
$ 436,123
1 %
12 %
Average List Price of all Current Listings
$ 556,919
1 %
14 %
May Median Sales Price
$ 310,000
2 %
3 %
6 %
11 %
$ 300,000
9 %
7 %
May Average Sales Price
$ 348,535
1 %
3 %
3 %
9 %
$ 336,896
6 %
5 %
Total Properties Currently for Sale ( Inventory )
2,454
9 %
29 %
May Number of Properties Sold
1,433
17 %
0 %
5,583
3 %
May Average Days on Market ( Solds )
29
-3%
-15%
-6%
-15%
36
-3%
6 %
Asking Price per Square Foot ( based on New Listings )
$ 133
-1%
1 %
13 %
10 %
$ 131
11 %
8 %
May Sold Price per Square Foot
$ 127
1 %
2 %
8 %
9 %
$ 123
9 %
6 %
May Month ' s Supply of Inventory
1.7
-7%
-2%
29 %
11 %
1.8
18 %
20 %
May Sale Price vs List Price Ratio
99.2 %
. 2 %
. 5 %
-. 6 %
. 8 %
98.5 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
3 Mo Avg
Property Sales May Property sales were 1,433 , up 0.3 % from 1,429 in May of 2015 and 17.3 % higher than the 1,222 sales last month . May 2016 sales were at a mid level compared to May of 2015 and 2014 . May YTD sales of 5,583 are running 3.0 % ahead of last year ' s year-to-date sales of 5,420 .
Prices The Median Sales Price in May was $ 310,000 , up 6.2 % from $ 292,000 in May of 2015 and up 1.6 % from $ 305,000 last month . The Average Sales Price in May was $ 348,535 , up 3.4 % from $ 336,937 in May of 2015 and up 0.7 % from $ 346,005 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
1,800
1,600 1,8001,400
1,600
1,200 1,400
1,000 1,200
800
1,000 600
800 400
600 200
400 0
200
0 J 13
340
340 320
320 300
300 280
280 260
260 240
1,561 1,630 1,562 1,247 1,096 989
Number of Properties Sold
1,561 1,630 1,562 1,247 1,096 989 1,032 709 913 1,077 1,227 1,483 1,623 1,644 1,561 1,282 1,228 969 1,133 724 863 1,126 1,278 1,429 1,669 1,621 1,578 1,385 1,190 947 1,330 810 946 1,172 1,222 1,433
J
13
J
A
S O N D
J
14
1,032 709
J A S O N D J
913 1,077 1,227 1,483 1,623 1,644 1,561
14
F M A M J
J
A
S O N D
J
15
15
F M A M J
J
A
S O N D
J
16
Median Sales Price and Average Sales Price
1,282
3 Mo Avg
3 Mo Avg
240
220
220
200
200
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 A M
J
J
13
A
S
O N D
J
F
M14 A M J
J
A
S
O N D
J
F M
15 A M J
J
A
S
O N D
J
F M A16M
13
14
15
16
1,228 969 1,133 724 863 1,126 1,278
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 A M
16
F M A M
1,429 1,669 1,621 1,578 1,385 1,190 947 1,330 810 946 1,172 1,222 1,433
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 2,454 , up 9.1 % from 2,250 last month and up 28.9 % from 1,904 in May of last year . May 2016 Inventory was at its highest level compared with May of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2016 MSI of 1.7 months was at its highest level compared with May of 2015 and 2014 .
3,000 3,000
2,500 2,500
2,000 2,000
1,500 1,500
1,000 1,000
500
500
2,591 2,678 2,698 2,476
2,591 2,678 2,698 2,476 2,358
2,088 1,835
Total Inventory & Month ' s Supply of Inventory ( MSI )
2,358
2,088 1,835 1,908
1,908 1,891 1,936 2,098 1,891 2,345
2,383
1,936
2,098 2,425 2,345 2,600 2,383
2,272 2,074
2,425
1,793
2,600 2,272
2,074 1,793
1,486 1,474 1,469 1,545
1,737 1,904 1,956
1,486 1,474 1,469 1,545 2,356 2,374 2,212 2,122
1,835 1,614 1,674 1,799
2,006
0 0 0.0
J J AJ SJ OA NS DO JN FD MJ
AF MJ AJMA JS JO AN SD OJ
NF MD AJ MF MJ JA AM SJ OJ NA DS JOFNM DA JM
F M A M
13 13
14 14
15 15
16 16
1,737 1,904 1,956 2,356 2,374 2,212 2,122
1,835
2,250
2,454
3.0 2.5 2.0
1,614 1,674 1,799
2,006
1.5 1.0 0.5
2,250
2,454
3.0 2.5 2.0 1.5 1.0 0.5 0.0
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