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
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14
15
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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 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
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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
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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
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14
15
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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.
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