Market Action Report
County: Galveston
July 2016
Galveston
Agent Name
Title
Phone
Website
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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 July was 184, up 268.0% from 50
days last month and up 1.1% from 182 days in July of last year.
The July 2016 DOM was at a mid level compared with July of
2015 and 2014.
3 Mo Avg
700
600
500
400
300
244
184
182
200
100
0
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 M A M J J
13
14
15
16
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
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 July 2016 Selling Price per Square Foot of $353 was up 5.1%
from $336 last month and down 0.2% from 354 in July of last
year.
3 Mo Avg
500
450
400
354
353
350
283
300
250
200
150
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 M A M J J
13
14
15
16
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