DFW ARCHIVED October 2016 | Page 21

Market Action Report

October 2016

Hood

County: Hood

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 73, up 5.8% from 69
days last month and up 12.3% from 65 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

120
100

100

73

80

65

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 $102 was
down 1.6% from $103 last month and up 8.2% from 94 in
October of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

102
94

94

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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 93.3% was down from 94.6% last month and down
from 94.6% in October of last year.

3 Mo Avg

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

98%
96%

94.6%

93.6%

94%

93.3%

92%
90%
88%
86%
84%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

389

367

384

381

384

403

393

387

386

366

357

429

392

415

433

431

455

419

392

366

337

330

442

431

565

607

585

580

531

505
402

300

494

400

460

500

506

600

597

700

474

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 127, up 2.4% from 124 last month and up
5.8% from 120 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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