Market Action Report February 2017
Community Information | School District
Market Action Report February 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 |
$ 332,000 |
2 % |
|
-2% |
|
|
|
|
Average List Price of all Current Listings |
$ 452,941 |
1 % |
|
-2% |
|
|
|
|
February Median Sales Price |
$ 242,000 |
3 % |
2 % |
11 % |
0 % |
$ 240,000 |
7 % |
0 % |
February Average Sales Price |
$ 288,894 |
-1% |
0 % |
6 % |
-1% |
$ 289,780 |
1 % |
-1% |
Total Properties Currently for Sale ( Inventory ) |
3,593 |
1 % |
|
-0% |
|
|
|
|
February Number of Properties Sold |
498 |
41 % |
|
-13% |
|
851 |
-19% |
|
February Average Days on Market ( Solds ) |
76 |
13 % |
12 % |
6 % |
19 % |
72 |
-3% |
13 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 129 |
1 % |
2 % |
4 % |
5 % |
$ 129 |
5 % |
5 % |
February Sold Price per Square Foot |
$ 113 |
2 % |
2 % |
6 % |
1 % |
$ 112 |
5 % |
0 % |
February Month ' s Supply of Inventory |
7.2 -29% -10% 14 % |
28 % |
8.7 |
26 % |
53 % |
February Sale Price vs List Price Ratio |
94.9 % |
. 5 % |
. 5 % |
. 9 % |
. 3 % |
94.7 % |
1 % |
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 February Property sales were 498 , down 12.6 % from 570 in February of 2016 and 41.1 % higher than the 353 sales last
1,000 Property month . February Sales 2017 sales were at their lowest level compared 1,200 February to February Property of 2016 sales and were 2015 498 . , February down 12.6 YTD % from sales 570 of in 851 are February of 2016 and 41.1 % higher than the 353 last
800 running 18.6 % behind last year ' s year-to-date sales of 1,045 . 1,000 month . February 2017 sales were at their lowest level compared
to February of 2016 and 2015 . February YTD sales of 851 are 600 800 running 18.6 % behind last year ' s year-to-date sales of 1,045 . 400
600
Montgomery
Agent Name
Title Phone Website Other
Community Information | School District
400
200
722 788 912 938 975
Number of Properties Sold
200 0
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
0 14 15
16 17
Prices
M A M J J A S O NMedian D J F MSales A M J Price J A S and O N Average D J F M ASales M J JPrice A S O N D J F
14 15
16
17 3 Mo Avg
The Median Sales Price in February was $ 242,000 , up 10.9 %
Prices from $ 218,148 in February of 2016 and up 3.0 % from $ 234,995 340 Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month . Sales The Price Average in February Sales Price was in $ 242,000 February , up was 10.9 $ 288,894 % , from up 6.1 $ 218,148 % from in $ 272,198 February in of February 2016 and of up 2016 3.0 % and from down $ 234,995 0.7 % 320
340 last from month $ 291,031 . The Average last month Sales . February Price in February 2017 ASP was was $ 288,894 at the , 300
up highest 6.1 % from level $ compared 272,198 in to February of 2016 of 2016 and and down 2015 0.7 .% 320 from $ 291,031 last month . February 2017 ASP was at the 280
300 highest level compared to February of 2016 and 2015 . 280
260
260 240
240 220
722 788 912 938 975 899 797 762 599 789 500 583 773 791 874 1,053 983 901 822 722 586 797 475 570 812 764 915 1,013 892 817 703 588 521 550 353 498
220 200 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
200 14
15 16
17
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 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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 3,593 of , Properties up 0.8 % from available 3,565 for last sale month as of and down 4,500
12.0
February 0.4 % from was 3,606 3,593 in , up February 0.8 % from of last 3,565 year last . month February and 2017 down 4,5004,000
12.0 10.0
0.4 Inventory % from 3,606 was at in a February mid level of compared last year . with February February 2017 of 2016 4,0003,500 10.0
Inventory and 2015 was . at a mid level compared with February of 2016 3,5003,000
8.0 and 2015 . 3,0002,500
8.0 6.0
2,5002,000 6.0
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 February for sellers 2017 MSI while of a 7.21,5001,000 4.0
2.0 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 7.2 of 2016 1,000 500
2.0 months and 2015 was . at its highest level compared with February of 2016 500 0
0.0 and 2015 .
0 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 D0.0J F
M A 14 M J J A S O N D J F M15A M J J A S O N D J F M16 A M J J A S O N D J F 17
14 15
16
17
899 797 762 599
2,503 2,651 2,780 2,879 2,960 2,869 2,787 2,772 2,756 2,629
789
2,669
2,503 2,651 2,780 2,879 2,960 2,869 2,787 2,772 2,756 2,629 2,669 2,880 3,021
500
Number of Properties Sold
583 773 3,216
3,216 2,880 3,307 3,021 3,503
791 874 1,053 983 901 822 722 586 797
3,307
3,503 3,792 3,756 3,795 3,795 3,702 3,491 3,506
475
3,792 3,756 3,795 3,795 3,702 3,491 3,506 3,606 3,806 3,901 3,964
570 812 764 915 1,013 892 817
4,051 4,079 4,014 4,022 3,912 3,845 3,633 3,565 3,593
3 Mo Avg
703 588
3,606 3,806 3,901 3,964 4,051 4,079 4,014 4,022 3,912 3,845 3,633
521
3 Mo Avg
550
3,565
3,593 353 498
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 .