DFW ARCHIVED September 2017 | Page 15

Market Action Report
September 2017
Denton
County: Denton
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
3 Mo Avg
60
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
50
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
40
Seller's market. The DOM for September was 40, up 17.6% from
34 days last month and up 8.1% from 37 days in September of
30
last year. The September 2017 DOM was at a mid level
compared with September of 2016 and 2015.
20
40
37
31
10
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 2017 Selling Price per Square Foot of $132 was
down 0.5% from $133 last month and up 6.8% from 124 in
September of last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
132
124
114
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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
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 100%
99%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The September 2017 Selling Price vs
99%
Original List Price of 97.0% was down from 97.6% last month
98%
and down from 97.5% in September of last year.
98%
97%
97%
96%
96%
95%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.6%
97.5%
97.0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
3,500
1,000
1,500
2,000
2,500
3,000
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 2017 was 1,447, down 13.1% from 1,666
last month and up 11.0% from 1,304 in September of last year.
500
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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 consume r’s real estate transaction.
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