HOU ARCHIVED May 2017 | Page 9

GALVESTON

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 117 , up 317.9 % from 28 days last month and down 48.9 % from 229 days in May of last year . The May 2017 DOM was at its lowest level compared with May of 2016 and 2015 .
700 600 500 400 300
274
229
200 100
117
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 $ 311 was down 17.3 % from $ 376 last month and down 35.7 % from 484 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 90.7 % was down from 96.5 % last month and up from 78.0 % in May of last year .
0
850 750 650 550 450 350 250 150
120 % 100 % 80 % 60 %
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
293
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
484
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
85.8 % 78.0 %
3 Mo Avg
3 Mo Avg
311
90.7 %
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 May 2017 was 16 , up 45.5 % from 11 last month and up 166.7 % from 6 in May of last year .
80 70 60 50 40 30 20 10 0
0 %
64
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
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 60 59
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
50 52
59 65 67 70
Coldwell Banker Global Luxury SM | 9