HOU ARCHIVED September 2017 | Page 11

HARRIS

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 81 , up 9.5 % from 74 days last month and up 9.5 % from 74 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
97
74
3 Mo Avg
81
20
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 2017 Selling Price per Square Foot of $ 356 was up 4.1 % from $ 342 last month and up 0.9 % from 353 in September 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
100 %
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
98 %
of a Seller ' s market . The September 2017 Selling Price vs
96 %
Original List Price of 92.0 % was down from 93.2 % last month and down from 92.9 % in September of last year .
94 %
0
400 390 380 370 360 350 340 330 320 310 300
92 % 90 % 88 %
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
14
15
16
17
Selling Price per Square Foot
347
O
N D
J
F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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14
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353
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.7 % 92.9 %
3 Mo Avg
3 Mo Avg
356
92.0 %
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 2017 was 262 , up 7.8 % from 243 last month and up 2.7 % from 255 in September of last year .
86 %
1,400 1,200 1,000 800 600 400 200
0
O
N D
J
F M A M J
J
A S O N D
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F M A M J
J
A S O N D
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F M A M J
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A S
14
15
16
17
687 667 663 709 771 826 860 883 888 910
Inventory / New Listings / Sales
923 950 988 953 868 912 1,017 1,128 1,171 1,177 1,185 1,159 1,097 1,089 1,054 1,003 906 901
966 1,097 1,142 1,208 1,209 1,209 1,176 1,136
O
N D
J
F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S
14
15
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