HOU ARCHIVED October 2016 | Page 19

Market Action Report

County: Montgomery

October 2016

Montgomery
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | 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 162, up 110.4% from
77 days last month and up 58.8% from 102 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

250
200
162

150
102

100

71

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 $217 was
down 9.9% from $241 last month and down 13.5% from 251 in
October of last year.

300
290
280
270
260
250
240
230
220
210
200

3 Mo Avg

251

247

217

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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 84.8% was down from 91.8% last month and down
from 89.4% in October of last year.

3 Mo Avg

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

105%
100%
95%

89.4%

88.5%

90%

84.8%

85%
80%
75%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

201

213

206

218

215

215

207

201

189

175

197

184

207

201

213

206

197

186

168

152

142

143

134

151

148

161

152

160

147

145

141

135

100

141

150

159

200

206

250

131

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 27, up 3.8% from 26 last month and down
12.9% from 31 in October of last year.

50
0
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Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | 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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