DFW ARCHIVED July 2017 | Page 9
Market Action Report
July 2017
County: Dallas
DALLAS
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 July was 73, up 2.8% from 71 days
last month and up 2.8% from 71 days in July of last year. The
July 2017 DOM was at a mid level compared with July of 2016
and 2015.
3 Mo Avg
120
100
80
72
73
71
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 July 2017 Selling Price per Square Foot of $497 was up
42.7% from $348 last month and up 43.6% from 346 in July of
last year.
3 Mo Avg
497
500
480
460
440
420
400
380
360
340
320
300
360
346
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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 July 2017 Selling Price vs Original List
Price of 92.6% was down from 94.1% last month and up from
91.6% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
86%
92.6%
92.6%
91.6%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
200
300
400
500
600
700
800
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 July 2017 was 158, down 22.9% from 205 last month and up
15.3% from 137 in July of last year.
100
0
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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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