HOU ARCHIVED August 2017 | Page 11

HARRIS

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 75 , up 5.6 % from 71 days last month and down 10.7 % from 84 days in August of last year . The August 2017 DOM was at its lowest level compared with August of 2016 and 2015 .
120
100
80
60
40
88
84
75
20
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 $ 341 was down 3.2 % from $ 352 last month and up 0.4 % from 339 in August 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 August 2017 Selling Price vs Original List Price of 93.1 % was up from 92.5 % last month and up from 91.9 % in August of last year .
0
400 390 380 370 360 350 340 330 320 310 300
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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14
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Selling Price per Square Foot
345
Selling Price versus Listing Price Ratio
339 341
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
91.9 %
3 Mo Avg
3 Mo Avg
93.1 %
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 245 , down 12.2 % from 279 last month and up 11.9 % from 219 in August of last year .
86 %
1,400 1,200 1,000 800 600 400 200
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632 687 667 663 709 771 826 860 883 888
Inventory / New Listings / Sales
910 923 949 987 952 867 911 1,016 1,127 1,170 1,176 1,184 1,158 1,096 1,088 1,053 1,001 904 899
964 1,095 1,138 1,205 1,205 1,203 1,166
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