HOU ARCHIVED October 2016 | Page 11
Market Action Report
County: Chambers
October 2016
Chambers
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 October was 53, down 3.6% from
55 days last month and down 11.7% from 60 days in October of
last year. The October 2016 DOM was at its lowest level
compared with October of 2015 and 2014.
3 Mo Avg
120
100
80
71
60
60
53
40
20
0
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14
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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 October 2016 Selling Price per Square Foot of $97 was down
5.3% from $103 last month and up 2.9% from 95 in October of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
97
95
91
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14
15
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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
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 October 2016 Selling Price vs Original
List Price of 94.6% was down from 96.8% last month and up
from 93.7% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
102%
100%
98%
95.8%
96%
94.6%
93.7%
94%
92%
90%
88%
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 J J A S O
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
250
188
177
192
170
163
143
151
146
140
138
132
145
141
137
134
134
126
122
113
113
109
99
112
107
132
113
145
148
140
100
137
163
160
160
159
150
178
200
163
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 October 2016 was 49, down 38.0% from 79 last month and
down 18.3% from 60 in October of last year.
50
0
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 J J A S O
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14
15
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Copyright © CB United, Realtors | Price Range: All | 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.
c o l dw el l b a n k er h o m es.c o m
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