HOU ARCHIVED October 2016 | Page 23

Market Action Report

County: Matagorda

October 2016

Matagorda
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 184, up 35.3% from
136 days last month and up 52.1% from 121 days in October of
last year. The October 2016 DOM was at a mid level compared
with October of 2015 and 2014.

3 Mo Avg

300
250
184

200
150

121

100

66

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 October 2016 Selling Price per Square Foot of $171 was up
25.7% from $136 last month and up 12.8% from 152 in October
of last year.

3 Mo Avg

190

171

170

152

150

127

130
110
90
70
50

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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 87.0% was down from 91.1% last month and down
from 87.6% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%

92.2%

100%

87.6%

87.0%

80%
60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

141

139

138

133

134

133

139

137

133

127

122

140

127

136

140

138

130

100

135

144

138

135

138

134

156

147

154

152

162

150

120

161

162

167

164

140

163

160

162

180
153

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 24, down 14.3% from 28 last month and
down 14.3% from 28 in October of last year.

80
60
40
20
0
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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.

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