DFW ARCHIVED October 2017 | Page 20

Market Action Report October 2017
Market Action Report October 2017

TARRANT

County : Tarrant

Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,500,000
0 %
4 %
Average List Price of all Current Listings
$ 2,053,953
-1%
3 %
October Median Sales Price
$ 1,400,000
13 %
6 %
12 %
8 %
$ 1,295,000
0 %
0 %
October Average Sales Price
$ 1,470,604
-10% -5%
16 %
3 %
$ 1,472,496
1 %
3 %
Total Properties Currently for Sale ( Inventory )
234
-3%
29 %
October Number of Properties Sold
23
5 %
21 %
245
32 %
October Average Days on Market ( Solds )
96
8 %
-2% -22% -19%
110
-3%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 306
-16% -6%
29 %
4 %
$ 304
4 %
4 %
October Sold Price per Square Foot
$ 320
20 %
18 %
27 %
25 %
$ 254
-2%
0 %
October Month ' s Supply of Inventory
10.2
-7%
4 %
6 %
-2%
8.9
-18%
-15%
October Sale Price vs List Price Ratio
93.2 % -1.0% . 7 %
3.4 % 1.3 %
92.4 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
40
October Property sales were 23 , up 21.1 % from 19 in October of
2016 and 4.5 % higher than the 22 sales last month . October
Property Sales
2017 sales were at their highest level compared to October of
40
October Property sales were 23 , up 21.1 % from 19 in October of
2016 and 2015 . October YTD sales of 245 are running 32.4 %
2016 and 4.5 % higher than the 22 sales last month . October
35 ahead of last year ' s year-to-date sales of 185 .
2017 sales were at their highest level compared to October of
30
2016 and 2015 . October YTD sales of 245 are running 32.4 %
35
30
25
20
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 185 .
25
15
20
15
10
10
5
5
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
0
14
15
16
17
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
Prices
14
15
Median Sales
16 Price and Average Sales
17 Price
The Median Sales Price in October was $ 1,400,000 , up 12.0 %
Prices
1,800 from $ 1,250,000 in October of 2016 and up 13.4 % from
Median Sales Price and Average Sales Price
The
$ 1,235,000 Median Sales last month Price in . October The Average was $ Sales 1,400,000 Price , up in October 12.0 % was
1,8001,700 from
$ 1,470,604 $ 1,250,000 , up 15.9 in October % from of $ 2016 1,268,952 and up in 13.4 October % from of 2016 and
$ down 1,235,000
9.7 % last from month $ 1,628,011
. The Average last month
Sales . Price October in October 2017 ASP was was
1,7001,600
$ at 1,470,604 the highest , up 15.9 level % compared from $ 1,268,952 to October in October of 2016 of and 2016 2015 and
. down 9.7 % from $ 1,628,011 last month . October 2017 ASP was
1,6001,500
J
A S O
3 Mo Avg
3 Mo Avg
at the highest level compared to October of 2016 and 2015 .
1,5001,400
7
11
1,4001,300 1,3001,200
1,2001,100
1,100
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
N
D14J
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 234 , down of Properties 2.9 % from available 241 last for month sale as of and up 28.6 %
300
October from 182 was in 234 October , down of 2.9 last % from year . 241 October last month 2017 and Inventory up 28.6 was % at
300
250 from its highest 182 in October level compared of last year with . October 2017 of 2016 Inventory and 2015 was . at
250 its highest level compared with October of 2016 and 2015 .
200
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
25.0
20.0
15.0
150
A comparatively lower MSI is more beneficial for sellers while a
100
10.0
A comparatively lower MSI is more beneficial for sellers while a
100 higher MSI is better for buyers . The October 2017 MSI of 10.2 higher MSI is better for buyers . The October 2017 MSI of 10.2
50 months was at a mid level compared with October of 2016 and
50
5.0 months was at a mid level compared with October of 2016 and
2015 .
0
2015 .
0
0.0
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
N
D J
F M A 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
14
15
16
17
14
15
16
17
10.0
5.0
0.0
141 7
118 141
11
139
137 118 8
Agent Name
Title Phone Website Other
12 14 16 18 27 32
155 139
137 172
168 155
156 172
159 168
164 156
169 159
24 164
167 154
12 169
8 12 14 16 18 27 32 24 12 11 9
130 11 167
Number of Properties Sold
128 9 18
18 10 7
10 7 12 16 29 30 19 26
12 16 29 30 19 26 17 19 16 26 15 21 19 26 30 26 35 28 22 23
154 150 130
169
128 176 150 183 169 182 176 190
173
183 181
182
182 190
175 173
148 181
159 182
168 175
148 190
159 215
168 220
190 226
239 215
230 220 241
226 234
239
17 19 16 26 15 21 19 26 30 26
230 35
241
3 Mo Avg
28
234 22 23
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