HOU ARCHIVED June 2016 | Page 17
Market Action Report
June 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
250
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 41, down 62.7% from 110 150
days last month and down 2.4% from 42 days in June of last
year. The June 2016 DOM was at its lowest level compared with
100
June of 2015 and 2014.
3 Mo Avg
227
42
50
41
0
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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 June 2016 Selling Price per Square Foot of $90 was down
3.4% from $93 last month and up 9.6% from 82 in June of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
94
90
82
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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 June 2016 Selling Price vs Original List
Price of 98.5% was up from 88.1% last month and up from 87.1%
in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
98.5%
100%
87.1%
82.8%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
47
42
47
46
48
44
50
45
42
44
57
51
45
46
45
42
40
41
30
40
48
43
54
50
58
63
69
62
69
69
69
40
61
50
66
60
73
73
70
72
80
59
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 13, down 7.1% from 14 last month and up
18.2% from 11 in June of last year.
20
10
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
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14
15
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided cour