DFW ARCHIVED October 2017 | Page 7

Market Action Report October 2017 County: Collin COLLIN Agent Name Title Phone Website Other Community Information | School District Price Range: $1,000,000 and Up | 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 81, down 31.4% from 118 days last month and down 39.1% from 133 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 180 160 133 140 120 102 100 81 80 60 40 20 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 14 15 16 17 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 $446 was up 35.7% from $329 last month and up 98.2% from 225 in October of last year. 3 Mo Avg 446 450 400 350 300 279 250 225 200 150 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 14 15 16 17 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 109.0% was up from 91.1% last month and up from 88.5% in October of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 109.0% 96.9% 100% 88.5% 80% 60% 40% 20% 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 14 15 16 17 200 180 160 140 120 100 80 60 40 20 0 Inventory / New Listings / Sales Inventory / New Listings / Sales 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 33, up 3.1% from 32 last month and up 106.3% from 16 in October of last year. 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 14 15 16 17 Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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. Coldwell Banker Global Luxury SM | 7