DFW ARCHIVED October 2016 | Page 17

Market Action Report

October 2016

Ellis

County: Ellis

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 October was 48, up 17.1% from 41
days last month and down 2.0% from 49 days in October of last
year. The October 2016 DOM was at its lowest level compared
with October of 2015 and 2014.

3 Mo Avg

90
80
70

64

60

49

50

48

40
30
20
10
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 $104 was up
2.7% from $101 last month and up 13.3% from 91 in October of
last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

104
91
84

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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 97.2% was up from 96.9% last month and up from
96.3% in October of last year.

3 Mo Avg

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

99%
98%

97.2%

97%

96.3%

96%
95%

94.3%

94%
93%
92%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

514

501

485

474

455

429

428

450

434

424

410

450

420

449

500

450

458

429

428

413

399

421

508

546

583

581

578

571

559

613

418

300

455

400

586

500

566

600

623

700
583

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 219, down 9.9% from 243 last month and
up 4.3% from 210 in October of last year.

200
100
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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