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 156 , up 33.3 % from 117 days last month and up 212.0 % from 50 days in June of last year . The June 2017 DOM was at a mid level compared with June of 2016 and 2015 .
700 600 500 400 300 200 100
Days On Market for Sold Properties
137 50
3 Mo Avg
156
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 2017 Selling Price per Square Foot of $ 363 was up 16.8 % from $ 311 last month and up 8.1 % from 336 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 2017 Selling Price vs Original List Price of 88.4 % was down from 90.7 % last month and down from 99.5 % in June of last year .
0
850 750 650 550 450 350 250 150
120 % 100 % 80 % 60 %
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F M A M J |
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F M A M J |
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14 |
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15 |
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17 |
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Selling Price per Square Foot
377
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S O N D |
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336
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.2 %
99.5 %
3 Mo Avg
3 Mo Avg
363
88.4 %
40 % 20 %
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 2017 was 13 , down 18.8 % from 16 last month and up 18.2 % from 11 in June of last year .
80 70 60 50 40 30 20 10 0
0 %
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69 69 68
64
59 62 65
60 58 55
Inventory / New Listings / Sales
52 53
59 63
50 55 53
44 45
53 60 60 56 57 58 62 63 59 58
49 51
58 64 65 68 68
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Coldwell Banker Global Luxury SM | 9