DFW ARCHIVED October 2016 | Page 23

Market Action Report County: Rockwall October 2016 Rockwall Agent Name Title Phone Website Other Community Information | School District Price Range: $1,000,000 and Up | 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 October was 0, down 100.0% from 61 days last month and up from 0 days in October of last year. The October 2016 DOM was at a mid level compared with October of 2015 and 2014. 3 Mo Avg 500 450 400 350 300 250 200 147 150 100 50 0 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 13 14 15 16 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 October 2016 Selling Price per Square Foot of $462 was up 138.0% from $194 last month and up from 0 in October of last year. 3 Mo Avg 500 462 450 400 350 315 300 250 200 150 100 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 13 14 15 16 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 October 2016 Selling Price vs Original List Price of 97.9% was up from 94.9% last month and up from 0.0% in October of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 97.9% 92.8% 100% 80% 60% 40% 20% 0% N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 13 14 15 16 Inventory / New Listings / Sales Inventory / New Listings / Sales 30 13 26 23 15 17 15 16 19 20 15 19 16 18 18 16 11 11 9 9 10 14 15 17 19 16 13 12 13 10 12 15 15 19 19 22 20 24 25 25 18 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 October 2016 was 5, up 150.0% from 2 last month and up 150.0% from 2 in October of last year. 5 0 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 13 14 15 16 Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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. c o l dw el l b a n k er h o m es.c o m | 23