AUS ARCHIVED August 2017 | Page 9

HAYS

Community Information | School District
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 August was 134 , up 226.8 % from 41 days last month and up 3.1 % from 130 days in August of last year . The August 2017 DOM was at a mid level compared with August of 2016 and 2015 .
1,200
1,000
800
600
400
Days On Market for Sold Properties
3 Mo Avg
200 61
130 134
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 August 2017 Selling Price per Square Foot of $ 992 was up 172.8 % from $ 363 last month and up 144.0 % from 406 in August of last year .
0
-200
2,200
1,700
1,200
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
992
700
700 406
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 August 2017 Selling Price vs Original List Price of 83.4 % was down from 95.9 % last month and down from 87.3 % in August of last year .
200
120 % 100 % 80 % 60 % 40 % 20 %
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
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.4 % 87.3 %
3 Mo Avg
83.4 %
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 August 2017 was 14 , up 27.3 % from 11 last month and equal to 14 in August of last year .
0 %
100 90 80 70 60 50 40 30 20 10 0
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
14
15
16
17
66
65
59 63 63 61 62
69
Inventory / New Listings / Sales
64 62 63 63 64 61
50 47 49 51
46 59
68
63 69 73 77 74 70 66
60 59 60
71 83
94
87 87
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
14
15
16
17
Coldwell Banker Global Luxury SM | 9