DFW ARCHIVED October 2017 | Page 39

Market Action Report
October 2017
Wise
County: Wise
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 63, down 13.7% from
73 days last month and up 26.0% from 50 days in October of last
year. The October 2017 DOM was at a mid level compared with
October of 2016 and 2015.
3 Mo Avg
140
120
100
75
80
63
60
50
40
20
0
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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 2017 Selling Price per Square Foot of $109 was
down 2.3% from $112 last month and up 9.5% from 100 in
October of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
109
100
90
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15
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Selling Price versus Listing Price Ratio
Selling Pri ce 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 93.9% was up from 93.6% last month and down
from 96.6% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
96.6%
96%
93.9%
93.4%
94%
92%
90%
88%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
300
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 96, up 11.6% from 86 last month and up
52.4% from 63 in October of last year.
100
50
0
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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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