HOU ARCHIVED February 2017 | Page 21

Liberty Community Information | School District

Liberty 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 65 , down 27.0 % from 89 days last month and up 38.3 % from 47 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
50
199
47
65
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 $ 76 was down 9.4 % from $ 84 last month and down 8.0 % from 83 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 86.8 % was down from 90.0 % last month and down from 94.1 % in February 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 February 2017 was 72 , up 4.3 % from 69 last month and up 18.0 % from 61 in February of last year .
0
100 95 90 85 80 75 70 65 60 55 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %
300 250 200 150
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
66
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
89.7 %
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
271
239 229 224 220
235 214
Avg Selling Price divided by Avg Listing Price for sold properties during the month
217 212
182
Inventory / New Listings / Sales
184 180
203 183 176 178 195 190 184 178 181 185 176
83
94.1 %
180 211 203 213 216 214 220 226 220
3 Mo Avg
3 Mo Avg
225 209 206
76
86.8 %
209
100 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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