HOU ARCHIVED August 2017 | Page 9

GALVESTON

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 August was 57 , up 119.2 % from 26 days last month and down 37.4 % from 91 days in August of last year . The August 2017 DOM was at a mid level compared with August 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 August 2017 Selling Price per Square Foot of $ 335 was up 8.4 % from $ 309 last month and up 0.7 % from 333 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 92.9 % was up from 91.7 % last month and up from 83.9 % in August of last year .
700 600 500 400 300 200 100
0
850 750 650 550 450 350 250 150
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
26
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
359
Selling Price versus Listing Price Ratio
91
333 335
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
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.4 % 83.9 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
57
92.9 %
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 August 2017 was 8 , up 33.3 % from 6 last month and down 33.3 % from 12 in August of last year .
80 70 60 50 40 30 20 10 0
0 %
68
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
64
59 62 65
60 58 55 52 53
59
Inventory / New Listings / Sales
63
50 55 53
44 45
53 60 60 56 57 58 62 63 59 58
49 51
59 65 66 67 68
63 64
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
Coldwell Banker Global Luxury SM | 9