Market Trends

Market Trends

Trends eNewsletter

Total Market Overview

Market Absorption Analysis for February 2012

DFW MLS

Pricing is a function of Supply and Demand. By determining the absorption rate we can tell if your Home should sell quickly and for More Money or if we should expect a longer market time.
In 2011, homes that sold within 90 days or less sold, on average, at 96.57% of list price and 36 days on market.
Homes on the market longer than 90 days sold, on average, at 95.10% of the listed price, for 207 days on market, and had a 74.95% chance of not selling at all!

Market Statistics                                 Past 12 months            Previous 12 months
Current # Homes on Market               27,904 (7% REO)                          N/A
Current Days on the Market               139                                        N/A
Current Average Listed Price              $309,204                              N/A

Current # Homes Pending Sale           11,109 (22% REO)                         N/A
Pending Ratio                                     28.48%                                  N/A
Total Months of Inventory                   5.6                                         N/A

Number of Homes Sold                     65,542 (25% REO)             63,000 (25% REO)       + 4.03%
Average Sold Days on the Market     105                                   100                             + 5.00%
Current Average Sold Price               $196,827                          $198,567                    - 0.88%

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