HOU ARCHIVED February 2017 | Page 15

Galveston Community Information | School District

Galveston Community Information | School District

Market Time
90
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
80
trend in DOM tends to indicate a move towards more of a
70
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for February was 66 , down 2.9 % from
60
68 days last month and down 5.7 % from 70 days in February of
50
last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
40
30
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 $ 131 was up 3.5 % from $ 126 last month and up 16.1 % from 113 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 94.6 % was up from 94.4 % last month and up from 94.0 % in February of last year .
20 10 0
150 145 140 135 130 125 120 115 110 105 100
97 % 96 % 95 % 94 % 93 % 92 %
Days On Market for Sold Properties
77
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
112 113
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
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F
14
15
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.3 %
70
94.0 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
66
131
94.6 %
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 680 , up 2.3 % from 665 last month and up 2.7 % from 662 in February of last year .
91 %
2,500
2,000
1,500
1,000
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A M J
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A S O N D
J
F M A M J
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A S O N D
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F M A M J
J
A S O N D
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F
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15
16
17
2,217 2,224 2,173 2,138 2,161 2,107 2,024 1,912 1,821
1,683
Inventory / New Listings / Sales
1,696 1,732 1,712 1,759 1,868 1,900 1,911 1,884 1,819 1,772 1,674 1,551 1,614 1,618 1,712 1,743 1,748 1,879 1,914 1,942 1,965 1,919 1,811 1,710 1,754 1,753
500
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
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c o l d w e l l b a n k e r h o m e s . c o m | 15