HOU ARCHIVED October 2016 | Page 11

Fort Bend Community Information | School District

Fort Bend 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 164 , up 105.0 % from 80 days last month and up 144.8 % from 67 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
350 300 250 200 150 100 50
Days On Market for Sold Properties
49
67
3 Mo Avg
164
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 $ 240 was up 1.7 % from $ 236 last month and up 11.8 % from 214 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 88.3 % was down from 95.2 % last month and down from 93.4 % in October of last year .
0
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
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
191
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
214
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.7 %
93.4 %
3 Mo Avg
3 Mo Avg
240
88.3 %
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 17 , up 13.3 % from 15 last month and down 29.2 % from 24 in October of last year .
120 100
0 %
80 60 40
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
65
59 53 55 64 66 69
75 69 64
Inventory / New Listings / Sales
61 64 63
51 56
69
77 84 84 84 83
75
72 81 82 76 80
87
101 92 92 96 96 97 96 91
20 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
c o l d w e l l b a n k e r h o m e s . c o m | 11