DFW ARCHIVED May 2017 | Page 9

Market Action Report
County: Anderson
May 2017
Cherokee
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 154, up 97.4% from 78
days last month and up 77.0% from 87 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
300
250
200
154
150
87
100
50
23
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
140
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 120
more normalized indicator on the direction of Property values.
100
The May 2017 Selling Price per Square Foot of $83 was up 37.1%
80
from $60 last month and up 58.9% from 52 in May of last year.
3 Mo Avg
91
83
52
60
40
20
0
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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 2017 Selling Price vs Original List
Price of 81.5% was down from 114.2% last month and down from
89.8% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
108.6%
120%
100%
89.8%
81.5%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
70
20
30
40
50
60
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 21, up 200.0% from 7 last month and up 61.5%
from 13 in May of last year.
10
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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