HOU ARCHIVED April 2017 | Page 24

Market Action Report April 2017
Community Information | School District
Market Action Report April 2017

County : Montgomery

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 344,700
3 %
-1%
Average List Price of all Current Listings
$ 464,099
2 %
-1%
April Median Sales Price
$ 242,000
-2%
0 %
-3%
-1%
$ 243,000
4 %
0 %
April Average Sales Price
$ 286,353
-1%
-3%
-3%
-3%
$ 293,937
3 %
0 %
Total Properties Currently for Sale ( Inventory )
4,144
4 %
6 %
April Number of Properties Sold
823
-4%
8 %
2,786
6 %
April Average Days on Market ( Solds )
62 -14% -13% -7%
-6%
71
1 %
8 %
Asking Price per Square Foot ( based on New Listings )
$ 130
1 %
2 %
3 %
6 %
$ 128
3 %
4 %
April Sold Price per Square Foot
$ 111
-1%
-2%
-0%
-1%
$ 113
4 %
1 %
April Month ' s Supply of Inventory
5.0
8 %
-2%
-1%
-0%
5.8
-2%
14 %
April Sale Price vs List Price Ratio
94.9 %
. 3 %
. 5 %
. 4 %
. 5 %
94.5 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,200 April Property sales were 823 , up 7.7 % from 764 in April of 2016 and 4.0 % lower than the 857 sales last month . April 2017 sales
1,000 Property were at their Sales highest level compared to April of 2016 and 2015 . 1,200
April Property YTD sales sales of were 2,786823 are , up running 7.7 % from 6.2 % 764 ahead in April of last of 2016 year ' s and 4.0 % lower than the 857 sales last month . April 2017 sales
800 year-to-date sales of 2,623 .
1,000 were at their highest level compared to April of 2016 and 2015 . April YTD sales of 2,786 are running 6.2 % ahead of last year ' s 600
800 year-to-date sales of 2,623 .
400
600

Montgomery

Agent Name
Title Phone Website Other

Community Information | School District

400
200
912 938 975 899 797
Number of Properties Sold
200 0
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 D J F M A
0 14 15
16 17
Prices
M J J A S O N D JMedian F M A MSales J J A Price S O Nand D J Average F M A M JSales J A SPrice O N D J F M A
14 15
16
17 3 Mo Avg
The Median Sales Price in April was $ 242,000 , down 3.4 % from
Prices $ 250,428 in April of 2016 and down 2.0 % from $ 246,900 last 340 Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in April Price was in $ 242,000 April was , down $ 286,353 3.4 %, from down $ 2.7 250,428 % from in $ April 294,212 of 2016 in April and down of 2016 2.0 and % from down $ 246,900 1.2 % from last
320
340 month $ 289,808 . The last Average month Sales . April Price 2017 in April ASP was $ at 286,353 the lowest , down level 300
2.7 compared % from $ 294,212 to April of in April 2016 of and 2016 2015 and . down 1.2 % from 320 $ 289,808 last month . April 2017 ASP was at the lowest level 280
300 compared to April of 2016 and 2015 . 280
260
260 240
240 220
912 938 975 899 797 762 599 789 500 583 773 791 874 1,053 983 901 822 722 586 797 475 570 814 764 916 1,013 904 988 855 730 719 757 462 644 857 823
220
200
200
M
M
14
J
J
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 D
J
F M A
15
16
17
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
Inventory & MSI
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 4,144 Inventory , up 3.6 % of from Properties 4,000 available last month for and sale up as of 6.3 April % from
4,500 was
3,899 4,144 in , April up 3.6 of % last from year 4,000 . April last 2017 month Inventory and up 6.3 was % from at its
4,5004,000
3,899 highest in April level of compared last year . with April April 2017 of Inventory 2016 and was 2015 at . its
4,0003,500 highest level compared with April of 2016 and 2015 .
3,5003,000
3,0002,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
7.0
6.0
2,5002,000
5.0
A comparatively lower MSI is more beneficial for sellers while a
2,0001,500
4.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial April 2017 for sellers MSI while of 5.0 a higher months MSI was is better at a mid for level buyers compared . The April with 2017 April MSI of of 2016 5.0 and
1,5001,000
1,000
500
3.0
2.0
months
2015 . was at a mid level compared with April of 2016 and
500
0
1.0
2015 .
0
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 D J
F0.0M A
M
J
14J A S O N D J
F
M15 A M J
J A S O N D J
F
M16 A M J
J A S O N D J
F M
A17
14
15
16
17
762 599 789 500
2,777 2,876 2,957 2,866 2,784 2,769 2,753 2,626 2,666
2,777 2,876 2,957 2,866 2,784 2,769 2,753 2,626 2,666 2,877 3,018 3,213 583 773
2,877 3,018
3,304 3,500
Number of Properties Sold
791
3,213
874 1,053 983 901 822 722 586 797
3,304
3,500 3,789 3,753 3,792 3,792 3,700 3,489 3,504
475
3,789 3,753 3,792 3,792 3,700 3,489 3,504 3,604 3,804 3,899 3,963 570 814
3,604 3,804 3,899 764 916 1,013 904 988 855 730
3 Mo Avg
719
4,050 4,075 4,010 4,014 3,904 3,834 3,622 3,565 3,650 4,000 4,144 757 462
3,963 4,050 4,075 4,010 4,014 3,904 3,834 3,622 3,565 3,650
3 Mo Avg
644 857
4,000 4,144
823
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
24 | c o l d w e l l b a n k e r h o m e s . c o m
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 .