DFW ARCHIVED May 2016 | Page 15

Market Action Report

May 2016

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 May was 32, down 8.6% from 35
days last month and down 5.9% from 34 days in May of last year.
The May 2016 DOM was at its lowest level compared with May of 30
2015 and 2014.
20

37

34

32

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 May 2016 Selling Price per Square Foot of $123 was up 1.6%
from $121 last month and up 8.0% from 114 in May of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

123
114
103

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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 May 2016 Selling Price vs Original List
Price of 99.1% was up from 98.8% last month and down from
99.2% in May of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

100%

99.2%

99.1%

99%
98.0%

98%
97%
96%
95%
94%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

2,275

2,113

1,981

1,873

1,821

1,952

1,780

2,129

2,087

2,302

2,234

2,122

1,926

1,771

1,613

1,591

1,569

1,000

1,540

2,098

1,834

2,529

2,260

2,469

2,416

2,309

2,086

1,997

1,970

1,891

2,406

2,094

1,822

1,500

2,295

2,000

2,597

2,500

2,535

3,000
2,573

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 May 2016 was 1,705, up 4.7% from 1,629 last month and up
1.0% from 1,688 in May of last year.

500
0
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Copyright © Coldwell Banker | 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
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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