HOU ARCHIVED July 2016 | Page 11
Market Action Report
County: Chambers
July 2016
Chambers
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 July was 43, up 13.2% from 38
days last month and down 32.8% from 64 days in July of last
year. The July 2016 DOM was at its lowest level compared with
July of 2015 and 2014.
3 Mo Avg
120
100
80
68
64
60
43
40
20
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 July 2016 Selling Price per Square Foot of $109 was up 5.6%
from $103 last month and up 9.7% from 99 in July of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
109
99
81
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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
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 July 2016 Selling Price vs Original List
Price of 97.0% was up from 96.3% last month and up from
96.2% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
102%
100%
98%
96.6%
97.0%
96.2%
96%
94%
92%
90%
88%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
250
161
144
152
147
141
139
133
145
142
137
134
134
126
122
113
113
109
99
112
107
132
113
145
140
163
160
148
137
100
160
163
159
186
200
178
150
200
200
196
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 July 2016 was 101, up 18.8% from 85 last month and up 26.3%
from 80 in July of last year.
50
0
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Copyright © CB United, Realtors | Price Range: All | 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.
c o l dw el l b a n k er h o m es.c o m
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