HOU ARCHIVED December 2017 | Page 25

Market Action Report
County: Montgomery
December 2017
Montgomery
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 66, down 5.7%
from 70 days last month and down 9.6% from 73 days in
December of last year. The December 2017 DOM was at its
lowest level compared with December of 2016 and 2015.
3 Mo Avg
90
80
73
66
70
66
60
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 $115 was up
1.7% from $114 last month and up 3.2% from 112 in December of
last year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
115
112
111
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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 94.4% was up from 94.1% last month and up from
93.4% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
96%
95%
94.4%
94.2%
95%
94%
93.4%
94%
93%
93%
92%
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5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
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 798, down 26.9% from 1,092 last month
and up 3.5% from 771 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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