HOU ARCHIVED July 2016 | Page 21

Montgomery Community Information | School District

Montgomery 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 155 , up 167.2 % from 58 days last month and up 138.5 % from 65 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
250
200
150
100
103
65
155
50
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 $ 271 was up 12.3 % from $ 241 last month and up 15.6 % from 235 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 89.1 % was down from 94.1 % last month and down from 95.1 % in July of last year .
0
300 290 280 270 260 250 240 230 220 210 200
120 % 100 % 80 % 60 % 40 % 20 %
A
S
O N D
J
F M A M
J
J
A
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O N D
J
F M A M
J
J
A
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O N D
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F M A M
J
J
13
14
15
16
Selling Price per Square Foot
219
A
S
O N D
J
F M A M
J
J
A
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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
13
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235
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.6 % 95.1 %
3 Mo Avg
3 Mo Avg
271
89.1 %
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 40 , down 21.6 % from 51 last month and up 17.6 % from 34 in July of last year .
250
200
150
100
0 %
157
A
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O N D
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F M A M J
J
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O N D
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F M A M J
J
A
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O N D
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F M A M J
13
14
15
16
156 143 141 131 135 141 145 147
159
Inventory / New Listings / Sales
160 161 152 150 148 143 134 142
152 168
186 198 206 213 206 208 203 199 187 178
192 205 213 222 224
J
223
50
0
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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F M A M
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J
13
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