AUS ARCHIVED December 2017 | Page 13

Market Action Report December 2017 WILLIAMSON County: Williamson 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 December was 117, down 27.8% from 162 days last month and up from 0 days in December of last year. The December 2017 DOM was at its lowest level compared with December of 2016 and 2015. 3 Mo Avg 500 450 400 350 300 250 200 150 117 100 50 0 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 O N D 15 16 17 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 2,100 end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2017 Selling Price per Square Foot of $198 was up 1,600 59.9% from $124 last month and up from 0 in December of last year. 1,100 3 Mo Avg 600 198 100 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 O N D 15 16 17 Selling Price versus Listing Price Ratio 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 December 2017 Selling Price vs Original List Price of 88.0% was up from 84.9% last month and up from 0.0% in December of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 100% 88.0% 80% 60% 40% 20% 0% 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 O N D 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 60 20 30 40 50 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 December 2017 was 0, down 100.0% from 2 last month and down 100.0% from 1 in December of last year. 10 0 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 O N D 15 16 17 Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con Data is provided courtesy of Austin Board of REALTORS, Central Texas MLS 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. Coldwell Banker Global Luxury SM | 13