HOU ARCHIVED July 2016 | Page 15

Harris Community Information | School District

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 July was 84 , up 5.0 % from 80 days last month and up 33.3 % from 63 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
120
100
80
60
40
72
63
84
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 July 2016 Selling Price per Square Foot of $ 348 was up 0.4 % from $ 347 last month and up 1.0 % from 344 in July 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 July 2016 Selling Price vs Original List Price of 93.2 % was up from 92.5 % last month and down from 93.3 % in July of last year .
0
400 390 380 370 360 350 340 330 320 310 300
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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
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F M A M
J
J
13
14
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16
Selling Price per Square Foot
355
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
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J
A
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O N D
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F M A M
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J
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344
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.3 %
3 Mo Avg
3 Mo Avg
348
93.3 % 93.2 %
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 July 2016 was 244 , down 17.0 % from 294 last month and down 3.2 % from 252 in July of last year .
86 %
1,400 1,200 1,000 800 600 400 200
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O N D
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F M A M J
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F M A M J
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O N D
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F M A M J
13
14
15
16
566 618 609 573 518 546 566 588 635 640
Inventory / New Listings / Sales
627 669 625 635 688 669 663 711
776 830 862 882 887 910 922 952 989 953 869 915 1,017 1,125 1,169 1,174 1,176
J
1,147
0
A
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O N D
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F M A M J
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F M A M J
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