Galveston Community Information | School District
Galveston Community Information | School District
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 June was 55 , equal to 55 days last month and down 1.8 % from 56 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
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 June 2016 Selling Price per Square Foot of $ 122 was down 1.0 % from $ 123 last month and up 2.9 % from 118 in June 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 June 2016 Selling Price vs Original List Price of 95.9 % was down from 96.0 % last month and down from 96.0 % in June of last year .
100 90 80 70 60 50 40 30 20 10 0
150 140 130 120 110 100 90 80 70 60 50
97 % 96 % 95 % 94 % 93 % 92 % 91 %
Days On Market for Sold Properties
65
Selling Price per Square Foot
Selling Price versus Listing Price Ratio
56 55
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 |
F M A M |
13 |
|
|
|
14 |
|
|
|
|
|
|
15 |
|
|
|
|
|
|
16 |
|
112
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 |
F M A M |
13 |
|
|
|
14 |
|
|
|
|
|
|
15 |
|
|
|
|
|
|
16 |
|
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.1 %
118
3 Mo Avg
3 Mo Avg
3 Mo Avg
J
122
96.0 % 95.9 %
J
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 June 2016 was 843 , up 12.0 % from 753 last month and up 18.1 % from 714 in June of last year .
90 %
3,000 2,500 2,000 1,500 1,000
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 |
F M A M |
13 |
|
|
|
14 |
|
|
|
|
|
|
15 |
|
|
|
|
|
|
16 |
|
2,428 2,586 2,611 2,549 2,438
2,312 2,197 2,207 2,217 2,224
Inventory / New Listings / Sales
2,173 2,137 2,160 2,107 2,024 1,911 1,820 1,682 1,695 1,732 1,712 1,759 1,868 1,901 1,911 1,885 1,818 1,770 1,671 1,547 1,610 1,617 1,708 1,731 1,717
J
1,790
500 0
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 |
F M A M J |
13 |
|
|
|
14 |
|
|
|
|
|
15 |
|
|
|
|
|
16 |
|
c o l d w e l l b a n k e r h o m e s . c o m | 15