DFW ARCHIVED May 2017 | Page 25

Market Action Report
County: Johnson
May 2017
Johnson
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 35, up 6.1% from 33 days
last month and up 16.7% from 30 days in May of last year. The
May 2017 DOM was at a mid level compared with May of 2016
and 2015.
3 Mo Avg
80
70
60
52
50
40
35
30
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 2017 Selling Price per Square Foot of $103 was up 6.7%
from $97 last month and up 10.0% from 94 in May of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
103
94
80
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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
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
99%
a Buyer's market exists, a ratio at or above 100% indicates more
98%
of a Seller's market. The May 2017 Selling Price vs Original List
Price of 98.7% was up from 97.4% last month and up from 98.5% 97%
96%
in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.7%
98.5%
96.0%
95%
94%
93%
92%
91%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
300
400
500
600
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 2017 was 298, up 6.0% from 281 last month and up
23.7% from 241 in May of last year.
200
100
0
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Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage
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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