HOU ARCHIVED October 2016 | Page 25

Market Action Report

County: Montgomery

October 2016

Montgomery
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 68, up 28.3% from 53
days last month and up 15.3% from 59 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

80
68

70

59

60

53

50
40
30
20
10
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 $111 was up
0.8% from $110 last month and up 0.2% from 111 in October of
last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

111

111
106

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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 93.8% was down from 94.5% last month and down
from 94.2% in October of last year.

3 Mo Avg

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

97%
97%
96%
96%
95%
95%
94%
94%
93%
93%
92%

95.5%

94.2%
93.8%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,500

3,969

3,804

4,066

3,988

3,957

3,895

3,801

3,604

3,505

3,491

3,795

3,702

3,795

3,792

3,756

3,307

3,216

2,880

2,669

2,756

2,629

2,787

2,772

2,960

2,869

2,879

2,780

2,651

2,508

2,503

2,000

2,462

2,500

2,813

3,000

3,021

3,500

3,503

4,000

4,041

4,500

2,650

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 1,188, down 14.5% from 1,390 last month
and down 1.5% from 1,206 in October of last year.

1,000
500
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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