HOU ARCHIVED June 2016 | Page 19

Market Action Report

June 2016

Harris

County: Harris

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 June was 46, down 2.1% from 47
days last month and up 17.9% from 39 days in June of last year.
The June 2016 DOM was at a mid level compared with June of
2015 and 2014.

3 Mo Avg

70
60
46

50

41

39

40
30
20
10
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 $123 was up 3.1%
from $119 last month and up 1.8% from 121 in June of last year.

150
140
130
120
110
100
90
80
70
60
50

3 Mo Avg

123

121

114

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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 96.8% was up from 96.0% last month and down from
97.3% in June of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.7%
97.3%

98%
98%
97%
97%
96%
96%
95%
95%
94%
94%
93%

96.8%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

14,470

14,350

14,325

14,206

13,646

13,018

12,695

14,063

13,626

14,043

13,828

13,707

12,522

12,009

11,519

11,020

10,901

10,548

10,370

9,812

10,910

10,872

11,732

11,479

11,507

11,425

11,034

10,911

11,326

13,010

11,161

8,000

11,990

10,000

14,176

12,000

13,963

14,000

13,627

16,000
13,270

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 7,498, up 5.8% from 7,087 last month and up
8.7% from 6,898 in June of last year.

6,000
4,000
2,000
0
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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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