DFW ARCHIVED September 2016 | Page 27

Market Action Report

September 2016

Tarrant

County: Tarrant

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 September was 83, down 25.9%
from 112 days last month and down 39.0% from 136 days in
September of last year. The September 2016 DOM was at its
lowest level compared with September of 2015 and 2014.

3 Mo Avg

200
180
160

136

140
120
91

100

83

80
60
40
20
0
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 M J J A S
13
14
15
16

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 September 2016 Selling Price per Square Foot of $713 was
up 173.2% from $261 last month and up 218.1% from 224 in
September of last year.

3 Mo Avg
713

700
600
500
400
300

236

224

200
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 M J J A S
13
14
15
16

Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 98%
96%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The September 2016 Selling Price vs
94%
Original List Price of 91.5% was up from 90.1% last month and
92%
up from 88.0% in September of last year.
90%
88%
86%
84%
82%
80%

3 Mo Avg

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

92.5%

91.5%
88.0%

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 M J J A S
13
14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

190

166

141

163

139

174

173

169

163

159

173

170

156

139

138

118

158

141

170

157

177

173

175

169

159

150

100

157

143

150

172

250

243

232

219

200

204

250

256

300

171

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 September 2016 was 41, down 4.7% from 43 last
month and up 46.4% from 28 in September of last year.

50
0
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 M J J A S
13
14
15
16
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.

c o l dw el l b a n k er h o m es.c o m

| 27