AUS ARCHIVED February 2018 | Page 7

Market Action Report
February 2018
County: Burnet
BURNET
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 February was 293, up from 0 days
last month and up from 0 days in February of last year. The
February 2018 DOM was at its lowest level compared with
February of 2017 and 2016.
3 Mo Avg
700
600
500
400
293
300
200
100
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
1,050
direction of Property values. Since Median Sales Price and
950
Average Sales price can be impacted by the 'mix' of high or low
850
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
750
The February 2018 Selling Price per Square Foot of $650 was up
650
from $0 last month and up from 0 in February of last year.
550
3 Mo Avg
650
450
350
250
150
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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 February 2018 Selling Price vs Original
List Price of 89.6% was up from 0.0% last month and up from
0.0% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
89.6%
80%
60%
40%
20%
0%
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50
45
40
35
30
25
20
15
10
5
0
Inventory / New Listings / Sales
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 February 2018 was 8, up 60.0% from 5 last month and up
700.0% from 1 in February of last year.
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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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