DFW ARCHIVED September 2017 | Page 16

Market Action Report September 2017
Market Action Report September 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
$ 1,497,000
0 %
3 %
Average List Price of all Current Listings
$ 2,027,654
0 %
0 %
September Median Sales Price
$ 1,235,000
-8%
-2%
-4%
-5%
$ 1,287,500
-2%
-1%
September Average Sales Price
$ 1,628,011
11 %
6 %
21 %
14 %
$ 1,472,693
0 %
3 %
Total Properties Currently for Sale ( Inventory )
260
7 %
44 %
September Number of Properties Sold
22 -21%
29 %
222
34 %
September Average Days on Market ( Solds )
89 -22%
-4%
-3%
-25%
112
0 %
-5%
Asking Price per Square Foot ( based on New Listings )
$ 340
6 %
7 %
19 %
16 %
$ 301
1 %
3 %
September Sold Price per Square Foot
$ 265
13 %
5 %
6 %
4 %
$ 247
-5%
-3%
September Month ' s Supply of Inventory
11.8
37 %
28 %
11 %
13 %
9.0
-18%
-13%
September Sale Price vs List Price Ratio
94.1 %
2.1 % 1.7 % 4.0 % 2.3 %
92.3 %
-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
September Property sales were 22 , up 29.4 % from 17 in
September of 2016 and 21.4 % lower than the 28 sales last
Property month . September
Sales 2017 sales were at their highest level
40
September Property sales were 22 , up 29.4 % from 17 in compared to September of 2016 and 2015 . September YTD
September of 2016 and 21.4 % lower than the 28 sales last
35 sales of 222 are running 33.7 % ahead of last year ' s year-to-date month . September 2017 sales were at their highest level sales of 166 .
30 compared to September of 2016 and 2015 . September YTD
35
30
25
20
Number of Properties Sold
3 Mo Avg
sales of 222 are running 33.7 % ahead of last year ' s year-to-date
25
sales of 166 .
20
15
10
15
10
5
5
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
0
14
15
16
17
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
Prices
14
15
Median Sales
16 Price and Average Sales
17 Price
3 Mo Avg
The Median Sales Price in September was $ 1,235,000 , down
Prices
1,800
3.9 % from $ 1,285,000 in September of 2016 and down 8.2 %
Median Sales Price and Average Sales Price
3 Mo Avg
The from Median $ 1,345,000 Sales Price last month in September . The Average was $ 1,235,000 Sales Price , down in
1,8001,700
3.9
September % from $ 1,285,000 was $ 1,628,011 in September , up 21.1 of % 2016 from and $ 1,344,748 down 8.2 in % from
September $ 1,345,000 of 2016 last month and up . 11.3 The % Average from $ Sales 1,463,363 Price last in month .
1,7001,600
September
September was
2017 $ 1,628,011
ASP was , up at
21.1 the % highest from $ level 1,344,748 compared in to
1,6001,500
September of 2016 and up 11.3 % from $ 1,463,363 last month .
September of 2016 and 2015 .
September 2017 ASP was at the highest level compared to
1,5001,400
September of 2016 and 2015 .
1,4001,300
1,100
13 7
13
1,3001,200
1,2001,100
11 8 12 14 16 18 27 32 24 12 11 9 18 10 7 12 16 29 30 19 26 17 19 16 26 15 21 19 26 30 26 35 28 22
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
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
September Total Inventory was 260 of , up Properties 7.4 % from available 242 last for month sale as of and up 43.6 %
300
September from 181 in was September 260 , up 7.4 of % last from year 242 . September last month and 2017 up Inventory 43.6 %
300
250 from was 181 at its in highest September level of compared last year . September with September 2017 Inventory of 2016 and
250 was
2015 at . its highest level compared with September of 2016 and
200
2015 .
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
150
A comparatively lower MSI is more beneficial for sellers while a
100
A comparatively lower MSI is more beneficial for sellers while a
100 higher MSI is better for buyers . The September 2017 MSI of higher MSI is better for buyers . The September 2017 MSI of
50
11.8 months was at a mid level compared with September of
50
11.8 months was at a mid level compared with September of
2016 and 2015 .
0
2016 and 2015 .
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
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
14
15
16
17
14
15
16
17
10.0
5.0
0.0
J
A S
158 141
158 7
118 139
11
137 118
Agent Name
Title Phone Website Other
8 12 14
155 139
137 172 155
16
168
156 18 27
159 164
32
169 167
24 154
12
Number of Properties Sold
11
130
128 9 18
154 150 130 169
128
10 7
176 150 183
12 16
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
14
15
16
17
141
172 168 156 159 164 169 167
169 176
182
190 183 173
29 182
30 190
181 182
19 173
26 181
175 149
17 182
19 175
160 169
16 26
191 217
149 160
15
226 169
21
235 250
191 19
217 226
26
235
242 260
30 250
26 242
3 Mo Avg
35
260 28 22
25.0 20.0
15.0 10.0 5.0 0.0
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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 .