HOU ARCHIVED April 2017 | Page 19

Market Action Report
April 2017
Harris
County: Harris
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 49, down 10.9% from 55
days last month and equal to 49 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
70
60
49
46
50
49
40
30
20
10
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
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 $127 was up 2.9%
from $123 last month and up 7.8% from 118 in April of last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
127
118
115
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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
98%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
97%
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 95.9% was up from 95.4% last month and up from 95.8% 96%
in April of last year.
95%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.9%
95.9%
95.8%
94%
93%
92%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
18,000
6,000
8,000
10,000
12,000
14,000
16,000
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 7,375, down 7.5% from 7,975 last month and
up 7.8% from 6,842 in April of last year.
4,000
2,000
0
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Copyright © CB United, Realtors | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Houston Association 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.
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