Galveston Community Information | School District
Galveston 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 September was 100 , up 9.9 % from 91 days last month and down 30.6 % from 144 days in September of last year . The September 2016 DOM was at its lowest level compared with September of 2015 and 2014 . |
700 600 500 400 300 200 100 |
Days On Market for Sold Properties
144
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3 Mo Avg
100
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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 $ 408 was up 22.5 % from $ 333 last month and up 37.9 % from 296 in September of last year .
0
500 450 400 350 300 250 200
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Selling Price per Square Foot
296
3 Mo Avg
408
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 September 2016 Selling Price vs Original List Price of 84.2 % was up from 83.9 % last month and down from 93.1 % in September of last year .
150
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.1 %
3 Mo Avg
84.2 %
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 September 2016 was 7 , down 46.2 % from 13 last month and down 41.7 % from 12 in September of last year .
80 70 60 50 40 30 20 10 0
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63
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61 59 60 66 64 65 64 64
Inventory / New Listings / Sales
69 69 68
64
59 62 65
60 58 55 52 53
59 63
50 55 53
44 45
54 61 60 57 58 59
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