Galveston Community Information | School District
Galveston 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 November was 128 , down 31.6 % from 187 days last month and up 68.4 % from 76 days in November of last year . The November 2016 DOM was at a mid level compared with November of 2015 and 2014 .
700 600 500 400 300 200 100
Days On Market for Sold Properties
76
3 Mo Avg
128
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 November 2016 Selling Price per Square Foot of $ 317 was down 5.6 % from $ 335 last month and up 81.8 % from 174 in November of last year .
0
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Selling Price per Square Foot
174
3 Mo Avg
317
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 November 2016 Selling Price vs Original List Price of 90.1 % was up from 88.5 % last month and down from 94.1 % in November of last year .
150
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
3 Mo Avg
90.1 %
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 November 2016 was 9 , up 80.0 % from 5 last month and up 80.0 % from 5 in November of last year .
80 70 60 50 40 30 20 10 0
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59
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60
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66
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64 65 64 64 69 69 68
64
Inventory / New Listings / Sales
59 62 65
60 58 55 52 53
59 63
50 55 53
44 45
53 60 60 57 58 59 64 66 63 62
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c o l d w e l l b a n k e r h o m e s . c o m | 15