HOU ARCHIVED May 2017 | Page 11

Market Action Report
May 2017
HARRIS
County: Harris
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
120
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
100
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
80
Seller's market. The DOM for May was 66, down 25.0% from 88
days last month and down 2.9% from 68 days in May of last year.
60
The May 2017 DOM was at a mid level compared with May of
2016 and 2015.
40
68
66
49
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
14
15
16
17
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 2017 Selling Price per Square Foot of $357 was up 0.9%
from $353 last month and up 5.2% from 339 in May of last year.
400
390
380
370
360
350
340
330
320
310
300
3 Mo Avg
357
343
339
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
14
15
16
17
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 2017 Selling Price vs Original List
Price of 93.6% was up from 93.3% last month and up from
92.9% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
98%
95.5%
96%
94%
93.6%
92.9%
92%
90%
88%
86%
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
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
600
800
1,000
1,200
1,400
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 2017 was 394, up 11.6% from 353 last month and up
18.3% from 333 in May of last year.
200
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
14
15
16
17
Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity. CB United, Realtors
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.
Coldwell Banker Global Luxury SM | 11