HOU ARCHIVED November 2017 | Page 13

Market Action Report November 2017 GALVESTON County: Galveston Agent Name Title Phone Website Other Community Information | School District Price Range: $1,000,000 and Up | 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 November was 0, down 100.0% from 359 days last month and down 100.0% from 128 days in November of last year. The November 2017 DOM was at a mid level compared with November of 2016 and 2015. 3 Mo Avg 700 600 500 400 300 200 128 76 100 0 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 A S O N 14 15 16 17 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 November 2017 Selling Price per Square Foot of $0 was down 100.0% from $453 last month and down 100.0% from 317 in November of last year. 3 Mo Avg 850 750 650 550 450 317 350 250 174 150 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 A S O N 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average 120% amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of 100% a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2017 Selling Price vs Original 80% List Price of 0.0% was down from 74.4% last month and down from 90.1% in November of last year. 60% 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 94.1% 90.1% 40% 20% 0% 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 A S O N 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 80 40 50 60 70 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 November 2017 was 7, down 30.0% from 10 last month and equal to 7 in November of last year. 30 20 10 0 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 A S O N 14 15 16 17 Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | 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. Coldwell Banker Global Luxury SM | 13