HOU ARCHIVED December 2017 | Page 19

Market Action Report
December 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 December was 57, down 1.7% from
58 days last month and equal to 57 days in December of last year.
The December 2017 DOM was at a mid level compared with
December of 2016 and 2015.
3 Mo Avg
70
57
60
57
52
50
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 December 2017 Selling Price per Square Foot of $123 was up
2.4% from $120 last month and down 0.0% from 123 in
December of last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
123
123
117
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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
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 December 2017 Selling Price vs Original
List Price of 94.7% was up from 94.6% last month and down
from 94.8% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
97%
96%
96%
94.9%
95%
94.8%
94.7%
95%
94%
94%
93%
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20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Inventory / New Listings / Sales
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 December 2017 was 3,773, down 28.4% from 5,268 last month
and up 0.6% from 3,752 in December of last year.
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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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