DFW ARCHIVED May 2016 | Page 29

Market Action Report

May 2016

Parker

County: Parker

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 64, up 6.7% from 60 days
last month and down 9.9% from 71 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

100
90
80

71

70

70

64

60
50
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
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 $109 was up 4.1%
from $104 last month and up 6.2% from 102 in May of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

109

102

96

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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 96.4% was up from 96.2% last month and up from
95.6% in May of last year.

3 Mo Avg

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

98%
97%

96.4%

96.0%

96%

95.6%

95%
94%
93%
92%
91%
90%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

678

656

618
539

507

516

502

536

512

537

527

518

507

488

465

499

469

400

470

549

654

588

730

690

707

701

679

652

751

698

640

628

611

500

675

600

736

700

742

800
741

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 302, down 2.6% from 310 last month and up
28.0% from 236 in May of last year.

300
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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