HOU ARCHIVED November 2017 | Page 7

Market Action Report
November 2017
BRAZORIA
County: Brazoria
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
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 0, up from 0 days
last month and up from 0 days in November of last year. The
November 2017 DOM was at its lowest level compared with
November of 2016 and 2015.
3 Mo Avg
250
200
150
100
50
0
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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 November 2017 Selling Price per Square Foot of $0 was up
from $0 last month and up from 0 in November of last year.
3 Mo Avg
250
240
230
220
210
200
190
180
170
160
150
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
100%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The November 2017 Selling Price vs Original
80%
List Price of 0.0% was up from 0.0% last month and up from
0.0% in November of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
10
Properties for sale along with New Listings and Sales. The graph
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shows the basic annual seasonality of the market as well as the
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relationship between these items. The number of New Listings
in November 2017 was 1, up from 0 last month and up from 0 in 7
November of last year.
6
5
4
3
2
1
0
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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.
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