HOU ARCHIVED July 2016 | Page 23

Market Action Report

County: Matagorda

July 2016

Matagorda
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 95, down 10.4% from 106
days last month and down 30.7% from 137 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

350
300

269

250
200
137

150

95

100
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 July 2016 Selling Price per Square Foot of $147 was up 5.6%
from $139 last month and up 36.6% from 107 in July of last year.

3 Mo Avg

190
170
147

150
130

107

105

110
90
70
50

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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 94.0% was down from 100.9% last month and up from
90.4% in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%
100%

90.7%

94.0%

90.4%

80%
60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

139

134

133

139

137

133

127

122

141

127

137

140

138

135

144

138

130

100

135

138

134

156

147

154

152

162

161

167

162

150

120

164

163

162

153

140

158

160

171

180
166

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 31, up 19.2% from 26 last month and down 3.1%
from 32 in July of last year.

80
60
40
20
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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