DFW ARCHIVED May 2016 | Page 17

Market Action Report

May 2016

Ellis

County: Ellis

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 May was 45, down 19.6% from 56
days last month and down 8.2% from 49 days in May of last year.
The May 2016 DOM was at its lowest level compared with May of
2015 and 2014.

3 Mo Avg

90
80
66

70
60

49

50

45

40
30
20
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The May 2016 Selling Price per Square Foot of $100 was up 2.8%
80
from $97 last month and up 10.9% from 90 in May of last year.
75
70
65
60
55
50

3 Mo Avg
100

90
85

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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 98.4% was up from 97.1% last month and up from 97.3%
in May of last year.

3 Mo Avg

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

99%
98%

98.4%

97.3%
96.6%

97%
96%
95%
94%
93%
92%
91%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

800

472

455

458

454

436

415

455

425

454

504

454

459

429

428

413

399

421

300

418

613

546

583

581

578

571

559

586

665

641

583

566

508

455

400

623

500

695

600

688

700
695

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 315, up 13.3% from 278 last month and up
37.0% from 230 in May of last year.

200
100
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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