HOU ARCHIVED July 2016 | Page 27

Market Action Report County: San Jacinto July 2016 San Jacinto 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, up 30.1% from 73 days last month and down 24.6% from 126 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 250 200 150 126 100 95 79 50 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 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 $83 was down 19.8% from $103 last month and down 23.0% from 108 in July of last year. 150 140 130 120 110 100 90 80 70 60 50 108 3 Mo Avg 108 83 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 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 91.9% was equal to 91.9% last month and up from 90.8% in July of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 98% 96% 94% 92% 90% 88% 86% 84% 82% 80% 78% 76% 91.9% 90.8% 88.6% 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 In