HOU ARCHIVED September 2017 | Page 7

Market Action Report
September 2017
FORT BEND
County: 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 107, down 61.6%
from 279 days last month and up 33.8% from 80 days in
September of last year. The September 2017 DOM was at a mid
level compared with September of 2016 and 2015.
3 Mo Avg
350
300
250
200
150
107
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 2017 Selling Price per Square Foot of $228 was
down 19.7% from $285 last month and down 3.1% from 236 in
September of last year.
3 Mo Avg
3,150
2,650
2,150
1,650
1,150
650
236
220
228
150
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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 2017 Selling Price vs
80%
Original List Price of 87.7% was up from 87.5% last month and
down from 95.2% in September of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.2%
90.6%
87.7%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
60
40
80
100
120
140
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 13, down 45.8% from 24 last
month and down 7.1% from 14 in September of last year.
20
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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