HOU ARCHIVED October 2016 | Page 27

San Jacinto Community Information | School District

San Jacinto 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 October was 95 , up 15.9 % from 82 days last month and up 4.4 % from 91 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
250
200
150
100
Days On Market for Sold Properties
3 Mo Avg
128
91 95
50
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 down 1.8 % from $ 113 last month and up 13.0 % from 98 in October of last year .
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 89.4 % was up from 89.0 % last month and up from 85.7 % in October of last year .
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 October 2016 was 37 , up 32.1 % from 28 last month and up 32.1 % from 28 in October of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
250
200
150
100
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
13
14
15
16
Selling Price per Square Foot
72
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
13
14
15
16
Selling Price versus Listing Price Ratio
92.5 %
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
13
14
15
16
205 200 201 185 177 184 187
Avg Selling Price divided by Avg Listing Price for sold properties during the month
185 171 167
Inventory / New Listings / Sales
153 150 156
131 129 127
141
158 171 166 160 150 144
98
85.7 %
146 139 132 139 145 169 167 174
190
3 Mo Avg
3 Mo Avg
197
164
149
111
89.4 %
154
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
13
14
15
16
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