HOU ARCHIVED July 2016 | Page 19
Market Action Report
July 2016
Harris
County: Harris
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 46, equal to 46 days last
month and up 21.1% from 38 days in July of last year. The July
2016 DOM was at a mid level compared with July of 2015 and
2014.
3 Mo Avg
70
60
46
50
38
37
40
30
20
10
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 $121 was down
1.7% from $123 last month and up 1.6% from 119 in July of last
year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
121
119
114
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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 96.1% was down from 96.7% last month and down from
96.7% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.6%
98%
98%
97%
97%
96%
96%
95%
95%
94%
94%
93%
96.7%
96.1%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
15,019
14,651
14,545
14,389
14,236
13,662
13,030
12,706
14,072
13,635
14,048
13,831
13,710
12,525
12,012
11,522
11,023
10,904
10,551
10,373
9,815
10,912
10,875
11,733
11,480
11,508
11,426
11,034
10,911
11,326
8,000
11,161
13,010
10,000
11,990
12,000
14,176
14,000
13,627
16,000
13,963
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 7,132, down 5.2% from 7,525 last month and
down 6.2% from 7,603 in July of last year.
6,000
4,000
2,000
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.
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