HOU ARCHIVED August 2017 | Page 12

Market Action Report August 2017
Market Action Report August 2017

MONTGOMERY

County : Montgomery

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
$ 1,497,000
0 %
-6%
Average List Price of all Current Listings
$ 2,066,586
1 %
-4%
August Median Sales Price
$ 1,300,000
7 %
6 %
-10%
-5%
$ 1,248,000
-9%
-9%
August Average Sales Price
$ 1,420,632
2 %
0 %
-17% -19%
$ 1,621,336
-3%
-7%
Total Properties Currently for Sale ( Inventory )
180 -13%
-12%
August Number of Properties Sold
17
6 %
42 %
97
24 %
August Average Days on Market ( Solds )
152
130 % 57 %
32 %
36 %
105
0 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 284
6 %
-2% -11%
-1%
$ 287
2 %
0 %
August Sold Price per Square Foot
$ 253
13 %
4 %
0 %
-11%
$ 282
11 %
-1%
August Month ' s Supply of Inventory
10.6 -18% -11% -38% -56%
17.3
-20%
-28%
August Sale Price vs List Price Ratio
87.7 % -5.1% -4.0% -3.6% -2.5%
91.1 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
25
August Property sales were 17 , up 41.7 % from 12 in August of
2016 and 6.3 % higher than the 16 sales last month . August 2017
Property Sales sales were at their highest level compared to August of 2016 and
25
August Property sales were 17 , up 41.7 % from 12 in August of
2015 . August YTD sales of 97 are running 24.4 % ahead of last
2016 and 6.3 % higher than the 16 sales last month . August 2017 year ' s year-to-date sales of 78 . sales were at their highest level compared to August of 2016 and
20
20
15
2015 . August YTD sales of 97 are running 24.4 % ahead of last
year ' s year-to-date sales of 78 .
15
10
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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 $ 1,300,000 , down 9.8 %
Prices from $ 1,441,683 in August of 2016 and up 6.9 % from 3,500
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 1,216,500 Median Sales last month Price in . The August Average was $ 1,300,000 Sales Price , down in August 9.8 % was from $ 1,420,632 $ 1,441,683 , down in August 16.9 % of from 2016 $ 1,709,864 and up 6.9 in % August from of 2016 and
3,500
3,000 $ up 1,216,500
2.0 % from last month
$ 1,392,989
. The last Average month Sales
. August
Price in 2017 August
ASP was was at $ the 1,420,632 lowest , level down compared 16.9 % from to $ August 1,709,864 of 2016 in August and 2015 of 2016
. and 3,000
2,500 up 2.0 % from $ 1,392,989 last month . August 2017 ASP was at the lowest level compared to August of 2016 and 2015 .
2,500 2,000
2,000 1,500
12 11 10 8 16 6 8
1,500
1,000
1,000
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 180 , Inventory down 12.6 of % Properties from 206 available last month for and sale down as of 11.8 August % from
250 was 204180 in , August down 12.6 of last % from year 206 . August last month 2017 and Inventory down 11.8 was % at from its
250
45.0
204 in August of last year . August 2017 Inventory was at its
200 lowest level compared with August of 2016 and 2015 .
40.0
200 lowest level compared with August of 2016 and 2015 .
35.0
150
30.0
150
25.0
100
20.0
A comparatively lower MSI is more beneficial for sellers while a
100
A comparatively lower MSI is more beneficial for sellers while a
15.0 higher MSI is better for buyers . The August 2017 MSI of 10.6
50 higher MSI is better for buyers . The August 2017 MSI of 10.6
50
10.0 months was at its lowest level compared with August of 2016 months was at its lowest level compared with August of 2016
5.0 and 2015 .
0 and 2015 .
0
0.0
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
S
O N D J
F M A 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
14
15
16
17
14
15
16
17
151 12 11 10 8 16 6 8 16 14
148 143
151
134
148
142 143
152 134
142 168
152 186
168 197
206 186
213 197
23 206
15
206 207
16 14 23 15 12 8
12 12
8 5
12
13 5 13 9
9 8 8
8 8 10 13
10 13 12 6 12 7 5 9 6 8 9 9 9 12 17 16 17
213
201 206
197 207 184 201
175 197
189 184 200 175 204 189 211 200 211
204 207
211
204 198
211
193 207
180 204
171 198
169 193
171 180
192 171
169 207
171 218
207 192
206 207
180 218
12 6 12 7 5 9 6 8 9 9 9
207 12
206 17
180 16 17
45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
12 | coldwellbankerluxury . com
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 .