DFW ARCHIVED October 2016 | Page 27

Market Action Report

October 2016

Tarrant

County: Tarrant

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 123, up 33.7% from
92 days last month and up 132.1% from 53 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

200
180
160
140

124

123

120
100
80

53

60
40
20
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 October 2016 Selling Price per Square Foot of $251 was up
0.1% from $251 last month and up 5.4% from 238 in October of
last year.

3 Mo Avg

340
320
300
280
260

251

242

238

240
220
200

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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 October 2016 Selling Price vs Original
List Price of 90.1% was down from 90.5% last month and down
from 93.9% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%

93.9%
90.1%
87.5%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

300
250

238

235

228

219

198

186

162

138

161

137

174

173

169

163

159

173

170

156

139

138

118

158

141

170

157

177

173

175

169

159

150

100

157

150

172

200

208

250

143

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 31, down 24.4% from 41 last month and
equal to 31 in October of last year.

50
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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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