DFW ARCHIVED September 2016 | Page 31

Market Action Report

September 2016

Wise

County: Wise

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 0, down 100.0%
from 173 days last month and up from 0 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
140
120
100
80
60
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 September 2016 Selling Price per Square Foot of $0 was
down 100.0% from $281 last month and up from 0 in
September of last year.

3 Mo Avg

400
350
300
250
200
150
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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 September 2016 Selling Price vs
Original List Price of 0.0% was down from 90.9% last month
and up from 0.0% in September of last year.

3 Mo Avg

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

92%
90%
88%
86%
84%
82%
80%
78%
76%
74%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

7
6

6

6

6
5

5

5
4

4

4

4

4

4
4

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 0, up from 0 last month and up
from 0 in September of last year.

3

3

3

3

3
2

2

2

2

2

2

2
0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1
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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.

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