HOU ARCHIVED June 2016 | Page 27

San Jacinto Community Information | School District

San Jacinto 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 June was 69 , down 29.6 % from 98 days last month and down 48.9 % from 135 days in June of last year . The June 2016 DOM was at its lowest level compared with June of 2015 and 2014 .
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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 $ 105 was up 27.0 % from $ 82 last month and down 2.0 % from 107 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 91.8 % was up from 89.4 % last month and up from 90.6 % in June of last year .
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 47 , up 20.5 % from 39 last month and up 38.2 % from 34 in June of last year .
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150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
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Selling Price per Square Foot
87
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
107 105
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90.7 % 90.6 %
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215 221 228 214 205 200 201
Avg Selling Price divided by Avg Listing Price for sold properties during the month
185 177 184 187 185 171 167 153 150 156
131 129 127
141
158 171 166 160 150 144 146 139 132 139 145
3 Mo Avg
3 Mo Avg
169 166 168
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91.8 %
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181
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