DFW ARCHIVED May 2016 | Page 14

Community Information | School District

Denton

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Community Information | School District

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
$ 406,900
-2%
11 %
Average List Price of all Current Listings
$ 505,861
-2%
10 %
May Median Sales Price
$ 280,000
5 %
4 %
6 %
12 %
$ 265,162
6 %
6 %
May Average Sales Price
$ 324,207
4 %
3 %
6 %
10 %
$ 311,573
7 %
6 %
Total Properties Currently for Sale ( Inventory )
2,275
8 %
18 %
May Number of Properties Sold
1,345
14 %
1 %
5,356
9 %
May Average Days on Market ( Solds )
32
-9%
-18%
-6%
-14%
39
-3%
5 %
Asking Price per Square Foot ( based on New Listings )
$ 127
-1%
0 %
9 %
7 %
$ 127
9 %
7 %
May Sold Price per Square Foot
$ 123
2 %
2 %
8 %
9 %
$ 119
8 %
5 %
May Month ' s Supply of Inventory
1.7
-6%
0 %
17 %
-5%
2.0
8 %
10 %
May Sale Price vs List Price Ratio
99.1 %
. 3 %
. 5 %
-. 1 %
1.0 %
98.4 %
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 )
Property Sales May Property sales were 1,345 , up 1.2 % from 1,329 in May of 2015 and 14.4 % higher than the 1,176 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 5,356 are running 9.4 % ahead of last year ' s year-to-date sales of 4,896 .
Prices The Median Sales Price in May was $ 280,000 , up 5.6 % from $ 265,094 in May of 2015 and up 5.1 % from $ 266,500 last month . The Average Sales Price in May was $ 324,207 , up 6.5 % from $ 304,550 in May of 2015 and up 3.7 % from $ 312,538 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
350 330 310 290 270 250 230 210 190 170 150
350 330 310 290 270 250 230 210 190 170 150
J
13
1,296 1,390 1,381 1,070 940 837
Number of Properties Sold
1,296 1,390 1,381 1,070 940 837 848 593 740 1,007 1,083 1,277 1,427 1,415 1,358 1,085 1,067 794 1,013 634 776 1,036 1,121 1,329 1,529 1,495 1,412 1,213 1,024 814 1,087 667 918 1,250 1,176 1,345
J
13
J
A
S O N D
J
14
848 593
J A S O N D J
740 1,007 1,083 1,277 1,427 1,415 1,358
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
1,085 1,067 794
3 Mo Avg
3 Mo Avg
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
13
A
S
O N D
J 14
F
M14 A M J
J
A
S
O N D
J 15
F M
15 A M J
J
A
S
O N D
J 16
F M A16M
1,013 634 776 1,036 1,121
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
1,329 1,529 1,495 1,412 1,213 1,024 814 1,087 667 918
3 Mo Avg
1,250 1,176 1,345
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 2,275 , up 7.7 % from 2,113 last month and up 18.1 % from 1,926 in May of last year . May 2016 Inventory was at a mid 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 a mid level compared with May of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
3,000
3,000
3.5
2,500
2,500
3.0
2,000
2,000
2.5
1,500
1,500
1,000
1,000
500
500
2.0
1.5
1.0
0.5
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
2,573 2,597
2,535 2,573
2,406 2,597
2,295 2,535
2,094 2,406
1,822 2,295
1,891 2,094 1,970
1,822 1,997 1,891 2,086 1,970 2,309
2,416 2,469 2,309 2,529 2,260
1,997 2,086
2,416 2,469 2,529
2,260 2,098
2,098
1,834 1,540 1,591
1,834 1,540
1,569 1,613
1,771 1,926
2,122
1,771 2,302
1,926 2,234
1,591 1,569 1,613
2,122 2,302 2,234 2,129 2,087 1,952
2,129 2,087 1,952 1,780 1,821 1,873 1,981
2,113 2,275
1,780 1,821 1,873 1,981 2,113
2,275
3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
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