HOU ARCHIVED December 2017 | Page 17

Market Action Report
December 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 December was 105, down 12.5%
from 120 days last month and down 32.7% from 156 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
200
180
156
160
140
114
120
105
100
80
60
40
20
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
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 December 2017 Selling Price per Square Foot of $269 was up
14.5% from $235 last month and up 15.5% from 233 in December 500
of last year.
400
300
257
3 Mo Avg
269
233
200
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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 92.6% was up from 92.1% last month and up from
87.7% in December of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
95%
92.6%
90.0%
90%
87.7%
85%
80%
75%
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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 December 2017 was 23, down 4.2% from 24 last month and up
15.0% from 20 in December of last year.
50
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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