HOU ARCHIVED May 2017 | Page 15

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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 May was 6 , up from 0 days last month and up from 0 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
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Days On Market for Sold Properties
3 Mo Avg
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 $ 238 was up from $ 0 last month and up from 0 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 2017 Selling Price vs Original List Price of 83.7 % was up from 0.0 % last month and up from 0.0 % in May 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 May 2017 was 2 , equal to 2 last month and up 100.0 % from 1 in May of last year .
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88 % 86 % 84 % 82 % 80 % 78 % 76 % 74 % 72 % 70 % 68 %
6 5 4 3
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Selling Price per Square Foot
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
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Inventory / New Listings / Sales
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3 Mo Avg
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6
238
83.7 %
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2
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
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1 1
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Coldwell Banker Global Luxury SM | 15