HOU ARCHIVED October 2017 | Page 11

Chambers Community Information | School District

Chambers Community Information | School District

Market Time
90
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
80
trend in DOM tends to indicate a move towards more of a
70
Buyer ' s market , a downward trend a move towards more of a
Seller ' s market . The DOM for October was 62 , up 47.6 % from 42
60
days last month and up 26.5 % from 49 days in October of last
50
year . The October 2017 DOM was at a mid level compared with
October of 2016 and 2015 .
40
30
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 2017 Selling Price per Square Foot of $ 102 was down 11.5 % from $ 115 last month and up 2.3 % from 100 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 2017 Selling Price vs Original List Price of 95.6 % was up from 94.9 % last month and up from 94.9 % in October of last year .
20 10 0
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 %
Days On Market for Sold Properties
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
14
15
16
17
Selling Price per Square Foot
95
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
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 %
49
100
94.9 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
62
102
95.6 %
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 2017 was 75 , up 53.1 % from 49 last month and up 53.1 % from 49 in October of last year .
88 %
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
14
15
16
17
112 107 109 99 113 113
Inventory / New Listings / Sales
126
122 134 137 134 145 141 132 140 138 151 146 143
163 192
169 187
176 164 154 143 149 144
155 167 166
208 228
185
161
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
14
15
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 11