HOU ARCHIVED September 2016 | Page 11

Market Action Report

County: Fort Bend

September 2016

Fort Bend
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 September was 80, up 29.0%
from 62 days last month and down 3.6% from 83 days in
September of last year. The September 2016 DOM was at its
lowest level compared with September of 2015 and 2014.

3 Mo Avg

350
300
250
200
150

116

83

100

80

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 September 2016 Selling Price per Square Foot of $236 was
up 3.2% from $228 last month and up 7.2% from 220 in
September of last year.

350
330
310
290
270
250
230
210
190
170
150

3 Mo Avg

236

229

220

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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
120%
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 100%
of a Seller's market. The September 2016 Selling Price vs
80%
Original List Price of 95.2% was down from 95.5% last month
and up from 90.6% in September of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.8%

95.2%

90.6%

40%
20%
0%
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97

97

97

96

93

102

88
81

82

76

81

75

72

84

83

84

84
77

69
56

51

64

63

64

61

75

69

69

66

64

55

67

65

59

53

40

93

Inventory / New Listings / Sales

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of
120
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
100
as the relationship between these items. The number of New
Listings in September 2016 was 16, up 14.3% from 14 last month 80
and down 23.8% from 21 in September of last year.
60

20
0
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 N D J F M A M J J A S
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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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