HOU ARCHIVED June 2016 | Page 7

Austin Community Information | School District

Austin 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 82 , down 18.8 % from 101 days last month and up 134.3 % from 35 days in June of last year . The June 2016 DOM was at a mid 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 $ 112 was up 6.8 % from $ 105 last month and up 3.1 % from 108 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 93.7 % was down from 94.0 % last month and up from 92.4 % 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 37 , up 42.3 % from 26 last month and up 32.1 % from 28 in June of last year .
180 160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
160 140 120 100 80 60 40 20 0
Days On Market for Sold Properties
66
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
Selling Price per Square Foot
82
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
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F M A M
13
14
15
16
127
Selling Price versus Listing Price Ratio
Inventory / New Listings / Sales
35
108
92.4 % 92.4 %
J
A
S
O N D
J
F M A M J
J
A
S
O N D
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F M A M J
J
A
S
O N D
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F M A M J
13
14
15
16
134 137 139 137
121 113
Avg Selling Price divided by Avg Listing Price for sold properties during the month
110 100 103 108 97 103 98 96 87 84 85 86 87 95 99 92 97 94 97 96
76
66 61 62 57
3 Mo Avg
3 Mo Avg
3 Mo Avg
J
A
S
O N D
J
F M A M
J
J
A
S
O N D
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F M A M
J
J
A
S
O N D
J
F M A M
13
14
15
16
60 61 62
82
J
112
J
93.7 %
69
J
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