DFW ARCHIVED October 2017 | Page 23

Market Action Report
October 2017
Hunt
County: Hunt
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 37, equal to 37 days
last month and down 17.8% from 45 days in October of last year.
The October 2017 DOM was at its lowest level compared with
October of 2016 and 2015.
3 Mo Avg
120
100
81
80
60
45
37
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 2017 Selling Price per Square Foot of $95 was up
1.1% from $94 last month and up 17.9% from 81 in October of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
95
81
81
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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 2017 Selling Price vs Original
List Price of 95.9% was up from 95.0% last month and up from
95.0% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
95.9%
95.0%
96%
94%
92.1%
92%
90%
88%
86%
84%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
300
350
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 2017 was 109, down 2.7% from 112 last month and up
5.8% from 103 in October of last year.
100
50
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
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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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