HOU ARCHIVED July 2016 | Page 7

Austin Community Information | School District

Austin Community Information | School District

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 24 , down 70.7 % from 82 days last month and down 57.9 % from 57 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 $ 97 was down 13.0 % from $ 112 last month and down 16.8 % from 117 in July of last year .
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 94.3 % was up from 93.7 % last month and down from 95.8 % in July of last year .
Inventory / New Listings / Sales 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 24 , down 36.8 % from 38 last month and down 20.0 % from 30 in July of last year .
180 160 140 120 100 80 60 40 20 0
150 140 130 120 110 100 90 80 70 60 50
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 %
160 140 120 100 80 60 40 20 0
Days On Market for Sold Properties
92
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
103
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
134
Selling Price versus Listing Price Ratio
93.8 %
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
13
14
15
16
137 139 137
121 113 110
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100 103 108
Inventory / New Listings / Sales
97 103 98 96 87 84 85 86 87 95 99 92 97
57
117
95.8 %
94 97 96
76
66 61 62 57 60
3 Mo Avg
3 Mo Avg
3 Mo Avg
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
61 62
72
24
97
94.3 %
J
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