HOU ARCHIVED February 2017 | Page 17

Grimes Community Information | School District

Grimes Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 90 , up 136.8 % from 38 days last month and up 125.0 % from 40 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
250
200
150
100
177
90
50
40
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 $ 108 was up 2.5 % from $ 105 last month and up 77.0 % from 61 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 91.5 % was up from 90.6 % last month and down from 91.7 % in February of last year .
0
190 170 150 130 110 90 70 50
120 % 100 % 80 % 60 %
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
91
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 versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
61
3 Mo Avg
3 Mo Avg
92.2 % 91.7 % 91.5 %
108
40 % 20 %
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 15 , up 7.1 % from 14 last month and up 50.0 % from 10 in February of last year .
80 70 60 50 40 30 20 10 0
0 %
69
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
62 61 63
58
54 50 48
43 41 40
Inventory / New Listings / Sales
42
40 46 45 45
51 57
42
50
45 44
48 44 47 46 47 43 43 42 44 50 51
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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