DFW ARCHIVED July 2017 | Page 18

SMITH

Community Information | School District
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
$ 1,500,000
-9%
8 %
Average List Price of all Current Listings
$ 2,314,808
-9%
29 %
July Median Sales Price
$ 1,060,000
-32%
-18%
$ 1,550,980
22 %
19 %
July Average Sales Price
$ 1,060,000
-32%
-45%
$ 2,270,245
86 %
18 %
Total Properties Currently for Sale ( Inventory )
53
23 %
36 %
July Number of Properties Sold
1
8
14 %
July Average Days on Market ( Solds )
155
-55%
53 %
310
738 %
207 %
Asking Price per Square Foot ( based on New Listings )
$ 233
-8%
-5% -19% -18%
$ 354
19 %
24 %
July Sold Price per Square Foot
$ 162
0 %
-50%
$ 459
115 %
40 %
July Month ' s Supply of Inventory
53.0
0 %
13 %
0 %
115 %
27.6
8 %
12 %
July Sale Price vs List Price Ratio
81.9 %
-3.3%
-3.7%
81.4 %
-7%
-4%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales July Property sales were 1 , up from 0 in July of 2016 and higher than the 0 sales last month . July 2017 sales were at their highest level compared to July of 2016 and 2015 . July YTD sales of 8 are running 14.3 % ahead of last year ' s year-to-date sales of 7 .
Prices The Median Sales Price in July was $ 1,060,000 , up from $ 0 in July of 2016 and up from $ 0 last month . The Average Sales Price in July was $ 1,060,000 , up from $ 0 in July of 2016 and up from $ 0 last month . July 2017 ASP was at the highest level compared to July of 2016 and 2015 .
5 4 4 3 3 2 2 1 1 0 -1
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
Number of Properties Sold
3 Mo Avg
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 N D
J
F M A M J
J
14
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
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 N D
J
F M A M J
14
15
16
17
J
0 0 0 0 0 0 0 2 2 0 0 0 1 1 2 0 0 0 1 1 1 0 4 0 2 0 0 0 0 2 2 0 2 1 0 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of July was 53 , up 23.3 % from 43 last month and up 35.9 % from 39 in July of last year . July 2017 Inventory was at its highest level compared with July of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2017 MSI of 53.0 months was at its highest level compared with July of 2016 and 2015 .
60 50 40 30 20 10 0
Total Inventory & Month ' s Supply of Inventory ( MSI ) 60
60.0 50
50.0 40
40.0 30
30.0
20 20.0
10 10.0
0
0.0 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 N D J F M A M J J
A S 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 14
15 16
17 14
15 16
17
29
27
29
24
27
23
24
21
23
23
24 21
26 23
24
26 26
24 30
29 26
31 30 31 29
29 31
28 31
29
29 31 28 31 29 32
31 31
31
31 34
32
31 39 31
38 34 37 38
33
28 28
27 33
32 28
24
41
39
41
38
37
38
41
28
43
27
53
32
41
43
53
60.0 50.0 40.0 30.0 20.0 10.0 0.0
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