HOU ARCHIVED August 2017 | Page 13

Market Action Report August 2017 County: Montgomery MONTGOMERY 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 August was 152, up 130.3% from 66 days last month and up 32.2% from 115 days in August of last year. The August 2017 DOM was at a mid level compared with August of 2016 and 2015. 3 Mo Avg 200 180 152 160 140 115 111 120 100 80 60 40 20 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 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 700 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 600 more normalized indicator on the direction of Property values. The August 2017 Selling Price per Square Foot of $253 was up 13.0% from $224 last month and up 0.2% from 252 in August of 500 last year. 400 281 300 3 Mo Avg 253 252 200 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 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 August 2017 Selling Price vs Original List Price of 87.7% was down from 92.4% last month and down from 91.0% in August of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 105% 100% 95% 91.0% 89.1% 90% 87.7% 85% 80% 75% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales 100 150 200 250 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 23, down 32.4% from 34 last month and down 37.8% from 37 in August of last year. 50 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 Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | 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. Coldwell Banker Global Luxury SM | 13