HOU ARCHIVED July 2016 | Page 25

Market Action Report County: Montgomery July 2016 Montgomery 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 59, down 9.2% from 65 days last month and up 15.7% from 51 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 80 70 59 60 51 49 50 40 30 20 10 0 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 J F M A M J J 13 14 15 16 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 b