HOU ARCHIVED December 2017 | Page 9

CHAMBERS

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 December was 0 , up from 0 days last month and up from 0 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
3 Mo Avg
50
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 $ 0 was up from $ 0 last month and up from 0 in December 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 December 2017 Selling Price vs Original List Price of 0.0 % was up from 0.0 % last month and up from 0.0 % in December of last year .
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 0 , up from 0 last month and up from 0 in December of last year .
0
300 295 290 285 280 275 270 265 260 255 250
100 % 90 % 80 % 70 % 60 % 50 % 40 % 30 % 20 % 10 % 0 %
6 5 4 3
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F M A M J
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A
S O N D
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F M A M J
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F M A M J
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S O N D
15
16
17
Selling Price per Square Foot
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F M A M J
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S O N D
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F M A M J
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F M A M J
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15
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Selling Price versus Listing Price Ratio
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F M A M J
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A S O N D
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A S O N D
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F M A M J
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A S O N D
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4
4
3 3 3 5 5
Avg Selling Price divided by Avg Listing Price for sold properties during the month
4 4
3
Inventory / New Listings / Sales
4 4 4
3 3 3 3
3 3 3 3 3 4 4 4 4 4
5
3
3
3 Mo Avg
3 Mo Avg
2
2 2
2 2 2 2
1 0
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F M A M J
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S O N D
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F M A M J
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