HOU ARCHIVED December 2017 | Page 13

Market Action Report
December 2017
GALVESTON
County: Galveston
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 December was 134, up from 0
days last month and up 14.5% from 117 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
700
600
500
400
300
200
134
117
100
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 $418 was up
from $0 last month and up 56.0% from 268 in December of last
year.
3 Mo Avg
850
750
650
550
418
450
350
268
250
150
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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 89.3% was up from 0.0% last month and down from
93.8% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
93.8%
100%
89.3%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
80
40
50
60
70
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 4, down 42.9% from 7 last month and up
33.3% from 3 in December of last year.
30
20
10
0
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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.
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