HOU ARCHIVED January 2018 | Page 17

Market Action Report
January 2018
County: Montgomery
MONTGOMERY
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
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 70, down 33.3% from
105 days last month and down 60.5% from 177 days in January
of last year. The January 2018 DOM was at its lowest level
compared with January of 2017 and 2016.
200
3 Mo Avg
177
180
160
140
124
120
100
70
80
60
40
20
0
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 M A M J J A S O N D J
15
16
17
18
Selling Price per Square Foot
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
700
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
600
more normalized indicator on the direction of Property values.
The January 2018 Selling Price per Square Foot of $216 was
down 19.6% from $269 last month and down 70.4% from 730 in 500
January of last year.
400
3 Mo Avg
730
270
300
216
200
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 M A M J J A S O N D J
15
16
17
18
Selling Price versus Listing Price Ratio
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 91.7% was down from 92.6% last month and up
from 90.9% in January of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
95%
91.7%
90.9%
90%
87.5%
85%
80%
75%
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 M A M J J A S O N D J
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
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 39, up 69.6% from 23 last month and up
8.3% from 36 in January of last year.
100
50
0
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 M A M J J A S O N D J
15
16
17
18
Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity. CB United, Realtors
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Coldwell Banker Global Luxury SM | 17