HOU ARCHIVED August 2017 | Page 10

Market Action Report August 2017
Market Action Report August 2017

HARRIS

County : Harris

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,567,020
-2%
0 %
Average List Price of all Current Listings
$ 1,961,558
0 %
1 %
August Median Sales Price
$ 1,399,900
-5%
0 %
-2%
1 %
$ 1,389,423
1 %
1 %
August Average Sales Price
$ 1,583,775
-9%
-6%
-0%
-4%
$ 1,675,748
2 %
1 %
Total Properties Currently for Sale ( Inventory )
1,166
-3%
6 %
August Number of Properties Sold
105 -19%
-21%
905
10 %
August Average Days on Market ( Solds )
75
6 %
10 % -11% -10%
76
-5%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 373
-1%
0 %
-1%
1 %
$ 375
3 %
2 %
August Sold Price per Square Foot
$ 341
-3%
-3%
0 %
-2%
$ 351
1 %
1 %
August Month ' s Supply of Inventory
11.1
19 %
15 %
35 %
-3%
10.5
-12%
-8%
August Sale Price vs List Price Ratio
93.1 %
. 6 %
-. 0 % 1.3 %
. 7 %
93.0 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
August Property sales were 105 , down 21.1 % from 133 in August of 2016 and 18.6 % lower than the 129 sales last month . August
160
Property Sales
2017 sales were at their lowest level compared to August of 2016
180
August Property sales were 105 , down 21.1 % from 133 in August
140 of and 2016
2015 and
. August 18.6 % lower
YTD than
sales the
of 905 129 sales
are running last month
10.2 . August
% ahead of
160
120
2017 last year sales ' s were year-to-date at their lowest sales level of 821 compared . to August of 2016
140 and 2015 . August YTD sales of 905 are running 10.2 % ahead of
100
120 last year ' s year-to-date sales of 821 .
80
Number of Properties Sold
3 Mo Avg
100
60
80
40
60
40
20
20
0
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
A
0
14
15
16
17
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
A
Prices
14
15
Median Sales
16 Price and Average Sales 17Price
3 Mo Avg
The Median Sales Price in August was $ 1,399,900 , down 2.4 %
Prices
2,000 from $ 1,435,000 in August of 2016 and down 5.2 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 1,476,000 Median Sales last month Price in
. August The Average was $ 1,399,900 Sales Price
, down in August
2.4 % was
2,0001,900 from $ 1,435,000 in August of 2016 and down 5.2 % from
$ 1,583,775 , down 0.5 % from $ 1,591,553 in August of 2016 and
$ 1,476,000 last month . The Average Sales Price in August was down 8.5 % from $ 1,731,548 last month . August 2017 ASP was
1,9001,800
$ 1,583,775 , down 0.5 % from $ 1,591,553 in August of 2016 and at the lowest level compared to August of 2016 and 2015 . down 8.5 % from $ 1,731,548 last month . August 2017 ASP was
1,8001,700
at the lowest level compared to August of 2016 and 2015 .
1,7001,600
1,6001,500
1,5001,400
108 86
108 86 80 104 65 65 109 106 127 156 142 107 97 89 71 93 47 62 90 104 118 152 115 133 98 88 89 116 53 87 100 125 163 143 129 105
1,400
1,300
1,300
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
A
S
O14N D
J
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 1,166 Inventory , down 3.1 of % Properties from 1,203 available last month for sale and as up of 6.4 August % from
1,400 was 1,166 , down 3.1 % from 1,203 last month and up 6.4 % from
1,400
1,096 in August of last year . August 2017 Inventory was at its
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
1,096 highest in August level compared of last year with . August August 2017 of 2016 Inventory and 2015 was at . its
1,200
20.0 highest level compared with August of 2016 and 2015 .
1,000
1,000
800
800
15.0
600
600
A comparatively lower MSI is more beneficial for sellers while a
10.0
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The August 2017 MSI of 11.1
400 higher MSI is better for buyers . The August 2017 MSI of 11.1
5.0 months was at its highest level compared with August of 2016
200 months was at its highest level compared with August of 2016
200 and 2015 .
0 and 2015 .
0
0.0
S
O
S N
O D
N J
D
F M
J
F A
M A J
M
J A
J
S
J
O
A
N
S
D
O
J
N
F
D M
J A
F M
M J
A
J
M A
J S
J O
A N
S D
O J
N
F M
D
A
J
M
F M J
J
A
A
M J
J A
14
14
15
15
16
16
17
17
25.0
20.0
15.0
10.0
5.0
0.0
632 687 667 663 709
Agent Name
80
Title Phone Website Other
104 65
771 826
632 687 667 663 709 65 109 106 127
826 860 883 156 142
888 910
860 771 883 888 910 923 949
Number of Properties Sold
107 97 89 71
987
952 867 911 1,016 93 47
923 949 987 952 867 911 1,016 62 90 104 118
1,127 1,170 1,176 1,184 1,158 1,096 1,088 152 115 133 98
1,127 1,170 1,176 1,184 1,158 1,096 1,088 1,053 88 89
1,053 1,001 904 899 964 1,095
116
1,138 1,205
53
1,001 904 899 964
87 100
1,095 1,205 1,203
1,166 125 163 143
1,138 1,205 1,205 1,203 1,166
3 Mo Avg
129 105
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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 .