HOU ARCHIVED February 2017 | Page 11

Chambers Community Information | School District

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 February was 57 , down 6.6 % from 61 days last month and up 18.8 % from 48 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
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 February 2017 Selling Price per Square Foot of $ 100 was down 6.0 % from $ 107 last month and down 0.0 % from 100 in February 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 February 2017 Selling Price vs Original List Price of 96.4 % was up from 96.1 % last month and down from 97.3 % in February of last year .
100 90 80 70 60 50 40 30 20 10 0
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 %
Days On Market for Sold Properties
79
M
A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F
14
15
16
17
Selling Price per Square Foot
88
Selling Price versus Listing Price Ratio
48
100 100
M
A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F
14
15
16
17
Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.2 %
97.3 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
57
96.4 %
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 February 2017 was 55 , down 5.2 % from 58 last month and down 16.7 % from 66 in February of last year .
88 %
250
200
150
100
163
M
A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F
14
15
16
17
160
148 137 145 140 132 113 112 107
Inventory / New Listings / Sales
109 99 113 113 126 122 134 137 134 145 141 132 140 138 151 146 143
163 192
170
188 176 167 157 146 147
50
0
M
A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F
14
15
16
17
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