DFW ARCHIVED October 2016 | Page 25

Market Action Report October 2016 Smith County: Smith 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, up from 0 days last month and down 100.0% from 44 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 700 600 500 400 300 200 100 44 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 $0 was up from $0 last month and down 100.0% from 175 in October of last year. 300 280 260 240 220 200 180 160 140 120 100 3 Mo Avg 175 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 0.0% was up from 0.0% last month and down from 93.8% in October of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 93.8% 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 39 41 41 34 29 29 29 28 27 25 25 28 26 28 27 26 23 25 23 23 22 22 20 23 26 31 28 27 24 22 20 18 17 19 16 50 45 40 35 30 25 20 15 10 5 0 44 Inventory / New Listings / Sales 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 1, equal to 1 last month and down 66.7% from 3 in October of last year. 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 | 25