HOU ARCHIVED May 2016 | Page 15

Harris Community Information | School District

Harris 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 May was 68 , down 9.3 % from 75 days last month and up 36.0 % from 50 days in May of last year . The May 2016 DOM was at a mid level compared with May of 2015 and 2014 .
120
100
80
60
40
63
50
68
20
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 $ 336 was down 2.5 % from $ 345 last month and up 1.1 % from 333 in May 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 May 2016 Selling Price vs Original List Price of 92.9 % was up from 92.8 % last month and down from 95.6 % in May of last year .
0
400 390 380 370 360 350 340 330 320 310 300
100 % 98 % 96 % 94 % 92 % 90 % 88 %
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Selling Price per Square Foot
355
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333
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.5 % 95.6 %
3 Mo Avg
3 Mo Avg
336
92.9 %
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 May 2016 was 350 , up 0.9 % from 347 last month and up 31.1 % from 267 in May of last year .
86 %
1,400 1,200 1,000 800 600 400 200
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515 552 566 618 609 573 518 546 566 588
Inventory / New Listings / Sales
635 640 627 669 625 635 688 669 663
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711
776 830 862 882 887 910 922 953 987 951 867 911 1,016 1,130 1,179 1,189 c o l d w e l l b a n k e r h o m e s . c o m | 15