HOU ARCHIVED January 2018 | Page 15

HARRIS

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 January was 90 , equal to 90 days last month and down 11.8 % from 102 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 .
120
100
80
60
40
85
102
90
20
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 January 2018 Selling Price per Square Foot of $ 387 was up 12.2 % from $ 345 last month and up 5.8 % from 366 in January 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 January 2018 Selling Price vs Original List Price of 92.3 % was down from 92.5 % last month and up from 90.5 % in January of last year .
0
400 390 380 370 360 350 340 330 320 310 300
98 % 96 % 94 % 92 % 90 % 88 %
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Selling Price per Square Foot
361
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366
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.7 % 90.5 %
3 Mo Avg
3 Mo Avg
387
92.3 %
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 January 2018 was 300 , up 152.1 % from 119 last month and up 16.3 % from 258 in January of last year .
86 %
1,400 1,200 1,000 800 600
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771 826 860 883 888 910 923 950 988 953
Inventory / New Listings / Sales
868 912 1,017 1,128 1,170 1,176 1,184 1,158 1,095 1,087 1,052 1,001 904 899
965 1,094 1,136 1,197 1,193 1,187 1,156 1,113 1,103 1,051 944 958
400 200
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