AUS ARCHIVED May 2017 | Page 13

WILLIAMSON

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 May was 293 , down 1.3 % from 297 days last month and up 49.5 % from 196 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
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 May 2017 Selling Price per Square Foot of $ 137 was down 34.0 % from $ 207 last month and down 44.7 % from 247 in May of last year .
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 May 2017 Selling Price vs Original List Price of 78.7 % was down from 93.6 % last month and down from 90.1 % in May of last year .
500 450 400 350 300 250 200 150 100 50 0
1,000 900 800 700 600 500 400 300 200 100
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
224
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 M
14
15
16
17
196
Selling Price per Square Foot
304
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 M
14
15
16
17
247
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.0 % 90.1 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
293
137
78.7 %
40 % 20 %
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 May 2017 was 9 , up 50.0 % from 6 last month and up 50.0 % from 6 in May of last year .
60 50 40 30 20 10
0 %
26
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 M
14
15
16
17
25 25 25 25
28 25 24
21 26
Inventory / New Listings / Sales
29
30 34 36 36
29
30
25 24 25 26 31 29
34
41 47 48 47
43 42 41 41 40 38 39
44
0
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 M
14
15
16
17
Coldwell Banker Global Luxury SM | 13