HOU ARCHIVED September 2016 | Page 19

Market Action Report

County: Montgomery

September 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 September was 77, down 24.5%
from 102 days last month and up 42.6% from 54 days in
September of last year. The September 2016 DOM was at a mid
level compared with September of 2015 and 2014.

3 Mo Avg

250
200
150

131

100

77
54

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 $241 was
down 5.1% from $254 last month and down 11.7% from 273 in
September of last year.

300
290
280
270
260
250
240
230
220
210
200

3 Mo Avg

273

241

216

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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
105%
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
95%
Original List Price of 91.8% was up from 91.0% last month and
down from 99.1% in September of last year.
90%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
99.1%

91.8%

90.8%

85%
80%
75%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

214

206

218

216

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

131

100

143

150

159

200

206

250

141

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 26, down 35.0% from 40 last
month and down 29.7% from 37 in September 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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