Galveston Community Information | School District
Galveston Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 187 , up 87.0 % from 100 days last month and down 20.1 % from 234 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 . |
700 600 500 400 300 200 |
277 |
234 |
187 |
|
100 |
|
|
|
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 $ 335 was down 17.7 % from $ 408 last month and up 36.2 % from 246 in October of last year .
0
500 450 400 350 300 250 200
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
300
246
3 Mo Avg
335
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 88.5 % was up from 84.2 % last month and up from 81.3 % in October of last year .
150
120 % 100 % 80 % 60 %
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 Avg Selling Price divided by Avg Listing Price for sold properties during the month
87.6 % 81.3 %
3 Mo Avg
88.5 %
40 % 20 %
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 5 , down 28.6 % from 7 last month and down 37.5 % from 8 in October of last year .
80 70 60 50 40 30 20 10 0
0 %
61
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 |
|
|
|
59
60 66 64 65 64 64 69 69 68
Inventory / New Listings / Sales
64
59 62 65
60 58 55 52 53
59 63
50 55 53
44 45
53 60 60 57 58 59
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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64 66
62 c o l d w e l l b a n k e r h o m e s . c o m | 13