HOU ARCHIVED January 2018 | Page 14

Market Action Report January 2018
Market Action Report January 2018

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
$ 1,600,000
0 %
0 %
Average List Price of all Current Listings
$ 2,054,480
1 %
4 %
January Median Sales Price
$ 1,570,000
10 %
14 %
-1%
13 %
$ 1,570,000
-1%
13 %
January Average Sales Price
$ 1,847,252
10 %
11 %
1 %
10 %
$ 1,847,252
1 %
10 %
Total Properties Currently for Sale ( Inventory )
958
1 %
7 %
January Number of Properties Sold
51 -58%
-4%
51
-4%
January Average Days on Market ( Solds )
90
0 %
1 %
-12%
13 %
90
-12%
13 %
Asking Price per Square Foot ( based on New Listings )
$ 395
-4%
-3%
7 %
3 %
$ 395
7 %
3 %
January Sold Price per Square Foot
$ 387
12 %
12 %
6 %
10 %
$ 387
6 %
10 %
January Month ' s Supply of Inventory
18.8
139 % 52 %
11 %
81 %
18.8
11 %
81 %
January Sale Price vs List Price Ratio
92.3 %
-. 2 %
. 0 %
2.0 %
-. 4 %
92.3 %
2 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
180
January Property sales were 51 , down 3.8 % from 53 in January
Property of 2017 and Sales 57.5 % lower than the 120 sales last month . January
160
180
January
2018 sales Property were at sales a mid were level 51 , down compared 3.8 % to from January 53 in January of 2017 and
140 of 2017 and 57.5 % lower than the 120 sales last month . January
160
2016 . January YTD sales of 51 are running 3.8 % behind last
120
2018 year ' sales s year-to-date were at a mid sales level of 53 compared . to January of 2017 and
140
2016 . January YTD sales of 51 are running 3.8 % behind last year ' s year-to-date sales of 53 .
100
120
100
80
80
60
60
40
40 20
65
Number of Properties Sold
20
0
0
F
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
15
16
17
18
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
Prices
15
Prices
The Median Sales Price in January was $ 1,570,000 , down 1.4 %
2,000
The from Median $ 1,592,500 Sales Price in January in January of 2017 was $ and 1,570,000 up 9.5 %, down from 1.4 % from
$ 1,433,790 $ 1,592,500 last in month January . The
2,000 of Average 2017 and Sales up 9.5 Price % from in January was
1,900
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
$ 1,433,790 1,847,252 last , up month 1.0 % . from The $ Average 1,829,154 Sales in Price January in January of 2017 was and up
1,900
$
9.6 1,847,252 % from , up $ 1,684,774 1.0 % from last $ 1,829,154 month . January in 2018 of 2017 ASP and was up at the
1,800
9.6 highest % from level $ 1,684,774 compared last to month January . January of 2017 2018 and ASP 2016 was . at the
1,800
1,700
highest level compared to January of 2017 and 2016 .
1,700
1,600
1,600
1,500
1,500
1,400
1,400
1,300
1,300
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
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
18
15
16
17
18
65 109 106 127 156 142 107 97 89 71 93 47 62 90 104 118 152 115 133 98 88 89 116 53 87 100 125 163 143 130 107 97 99 100 120 51
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
January
January was
was 958
958 , up
, up 1.5
1.5 %
% from
from 944
944 last
last month
month and
and up 6.6
up
%
6.6 %
1,400
1,400 from from 899 899 in in January January of of last last year year . January
. January 2018
2018 Inventory
Inventory was was
1,200
1,200 at at its its highest highest level level compared compared with with January January of 2017 of 2017 and and 2016 2016 . .
1,000
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
800
800
15.0
600
600
A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a
400
400 higher MSI is is better for for buyers . The . The January 2018 2018 MSI MSI of 18.8 of 18.8 months was at at a a mid mid level level compared with with January of 2017 of 2017 and and
200
200
10.0
5.0
2016 . .
0
0
0.0
F M FA
M AJ
MJ AJ
SJ OA NS DO JN FD MJ
AF M JA JMA J S JOAN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ NA DS JO N D J
15
15
16
16
17
17
18
18
771 826
109
Agent Name
106
Title Phone Website Other
127 156
860 883 888 910 923
771 826 860
142
883 888 910 107 97 89 71
950
923 988 953
868 912
93
1,017 1,128 1,170
Number of Properties Sold
47
950 988 953 868 912
62 90 104
1,176 1,184 1,158
1,017 1,128
118 152 115
1,170 1,176 1,184 1,158 1,095 133 98
1,095 1,087 1,052 1,001 904
88
899 965
89
1,087 1,052 1,001 904 116 53
1,094 1,136 1,197
87
899 965 1,094 100 125
1,193
1,136 1,187 1,156
163 143 130
1,113 1,103 1,051 944 958
3 Mo Avg
107 97
1,197 1,193 1,187 1,156 1,113 1,103 1,051
99
3 Mo Avg
100
944
958 120 51
25.0 20.0
15.0 10.0 5.0 0.0
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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 .