AUS ARCHIVED April 2018 | Page 16

Market Action Report April 2018

County : Hays

HAYS

Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
700
200
Agent Name Title Phone Website Other Days On Market for Sold Properties
Market Time
450
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
400
trend in DOM tends to indicate a move towards more of a
350
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for April was 26 , down 81.6 % from
300
141 days last month and down 88.5 % from 226 days in April of
250
226
last year . The April 2018 DOM was at its lowest level compared with April of 2017 and 2016 .
200
150
100
47
50
26
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
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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
2,200
a more normalized indicator on the direction of Property values .
The April 2018 Selling Price per Square Foot of $ 475 was down
1,700
58.5 % from $ 1,143 last month and up 54.0 % from 308 in April
of last year .
1,200
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 120 % 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
100 % of a Seller ' s market . The April 2018 Selling Price vs Original
80 % List Price of 88.7 % was up from 82.9 % last month and down from 91.6 % in April of last year . 60 % 40 % 20 %
734
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
15
16
17
18
308
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
83.6 %
91.6 %
3 Mo Avg
3 Mo Avg
475
88.7 %
Inventory / New Listings / Sales 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 2018 was 12 , up 20.0 % from 10 last month and down 50.0 % from 24 in April of last year .
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
15
16
17
18
Inventory / New Listings / Sales
120 100 80 60 40
71 70
71 72 72 69
57 56 57 61 57
67 80
73
78 84 88 87
80
75
68 68 69
82
93 102 94 95 92 92 87 82
77 92 90
95
20 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
15
16
17
18
Copyright © CB United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con Data is provided courtesy of Austin Board of REALTORS , Central Texas MLS 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 .
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