HOU ARCHIVED February 2017 | Page 27

San Jacinto Community Information | School District

San Jacinto Community Information | School District

Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
160
Buyer ' s market , a downward trend a move towards more of a
140
Seller ' s market . The DOM for February was 111 , up 44.2 % from
77 days last month and down 11.2 % from 125 days in February of last year . The February 2017 DOM was at its lowest level
120
100
compared with February of 2016 and 2015 .
80
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 $ 102 was up 6.9 % from $ 96 last month and up 33.4 % from 77 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 91.1 % was down from 91.9 % last month and up from 89.4 % 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 43 , down 2.3 % from 44 last month and up 7.5 % from 40 in February of last year .
60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
250
200
150
100
Days On Market for Sold Properties
173
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
125
Selling Price per Square Foot
95
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
95.3 %
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
177 184 187 185 171 167
153
Avg Selling Price divided by Avg Listing Price for sold properties during the month
150 156
131
Inventory / New Listings / Sales
129 127
141
158 171 166 160 151 145 147 140 133 140
77
89.4 %
146 170 168 175 191 198
166 152 160
3 Mo Avg
3 Mo Avg
3 Mo Avg
158 146 141
111
102
91.1 %
152
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
c o l d w e l l b a n k e r h o m e s . c o m | 27