HOU ARCHIVED May 2016 | Page 11
Market Action Report
County: Fort Bend
May 2016
Fort Bend
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Condo - Twn
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 May was 116, down 61.3% from
300 days last month and up 1.8% from 114 days in May of last
year. The May 2016 DOM was at a mid level compared with May
of 2015 and 2014.
3 Mo Avg
350
300
250
200
150
116
114
89
100
50
0
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 J A S O N D J F M A M
13
14
15
16
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 May 2016 Selling Price per Square Foot of $226 was up 9.1%
from $207 last month and up 1.3% from 223 in May of last year.
350
330
310
290
270
250
230
210
190
170
150
3 Mo Avg
226
223
217
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 J A S O N D J F M A M
13
14
15
16
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 May 2016 Selling Price vs Original List
Price of 92.7% was up from 90.3% last month and down from
96.5% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
96.5%
92.2%
100%
92.7%
80%
60%
40%
20%
0%
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 J A S O N D J F M A M
13
14
15
16
Inventory / New Listings / Sales
Inventory / New Listings / Sales
99
90
82
82
76
81
75
72
84
83
77
69
56
51
64
63
65
61
75
70
69
67
65
65
55
53
40
59
73
67
69
71
60
84
80
84
105
100
98
120
70
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 May 2016 was 30, up 30.4% from 23 last month and up 76.5%
from 17 in May of last year.
20
0
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 J A S O N D J F M A M
13
14
15
16
Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo - Twn
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.
c o l dw el l b a n k er h o m es.c o m
| 11