HOU ARCHIVED February 2017 | Page 7

Austin Community Information | School District

Austin Community Information | School District

Market Time
180
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
160
trend in DOM tends to indicate a move towards more of a
140
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for February was 108 , up 27.1 % from
120
85 days last month and up 18.7 % from 91 days in February of last
100
year . The February 2017 DOM was at a mid level compared with
February of 2016 and 2015 .
80
60
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 $ 105 was up 13.0 % from $ 93 last month and up 21.2 % from 86 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 89.7 % was down from 94.7 % last month and down from 90.8 % 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 30 , up 30.4 % from 23 last month and up 87.5 % from 16 in February of last year .
40 20 0
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
120 100 80 60 40 20
Days On Market for Sold Properties
37
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
75
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
100
Selling Price versus Listing Price Ratio
93.6 %
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
103
108
97 103 98 96
Avg Selling Price divided by Avg Listing Price for sold properties during the month
88 85 85 86 87
Inventory / New Listings / Sales
95
99
92 97 94 97 96
76
66 61 62
91
86
90.8 %
57 60 61 62
73
80 95 97 95
3 Mo Avg
3 Mo Avg
3 Mo Avg
109
97
108
105
89.7 %
85 87
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 | 7