Market Action Report
July 2016
Grimes
County: Grimes
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 75, up 97.4% from 38
days last month and up 15.4% from 65 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
250
200
137
150
100
75
65
50
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 $90 was up 2.0%
from $88 last month and down 3.3% from 93 in July of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
93
90
70
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 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 90.2% was down from 95.4% last month and down from
96.4% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
96.4%
88.9%
90.2%
80%
60%
40%
20%
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
Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
47
43
47
46
48
44
50
45
42
44
57
51
45
46
45
42
40
41
30
40
48
43
54
63
58
62
69
50
40
61
50
69
69
73
69
60
73
70
72
80
66
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 14, up 7.7% from 13 last month and equal to 14
in July of last year.
20
10
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