AUS ARCHIVED April 2017 | Page 11

Market Action Report April 2017 Hays County: Hays Agent Name Title Phone Website Other Community Information | School District Price Range: All | 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 April was 65, down 13.3% from 75 days last month and up 14.0% from 57 days in April of last year. The April 2017 DOM was at a mid level compared with April of 2016 and 2015. 3 Mo Avg 90 80 65 70 57 60 57 50 40 30 20 10 0 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 14 15 16 17 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 April 2017 Selling Price per Square Foot of $149 was up 4.8% from $143 last month and up 12.9% from 132 in April of last year. 3 Mo Avg 149 150 145 140 135 130 125 120 115 110 105 100 132 132 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 14 15 16 17 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 April 2017 Selling Price vs Original List Price of 96.9% was up from 96.7% last month and down from 97.5% in April of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 99% 98% 98% 97% 97% 96% 96% 95% 95% 94% 94% 97.8% 97.5% 96.9% 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 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 500 600 700 800 900 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 April 2017 was 430, up 4.6% from 411 last month and up 2.1% from 421 in April of last year. 400 300 200 100 0 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 14 15 16 17 Copyright © CB United, Realtors | Price Range: All | Property Types: SFH - Con Data is provided courtesy of Fort Hood Area Association of REALTORS, Austin Board of REALTORS and may not reflect all relevant real estate activity. CB United, Realtors 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. c o l dw el l b a n k er h o m es . c o m | 11