HOU ARCHIVED January 2018 | Page 16

Market Action Report January 2018
Market Action Report January 2018

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%
0 %
Average List Price of all Current Listings
$ 2,020,735
1 %
-4%
January Median Sales Price
$ 1,250,000
-5%
-2% -19%
1 %
$ 1,250,000
-19%
1 %
January Average Sales Price
$ 1,216,667
-14% -17% -66% -22%
$ 1,216,667
-66%
-22%
Total Properties Currently for Sale ( Inventory )
164
-1%
-3%
January Number of Properties Sold
3 -79%
-63%
3
-63%
January Average Days on Market ( Solds )
70 -33% -36% -60% -33%
70
-60%
-33%
Asking Price per Square Foot ( based on New Listings )
$ 316
19 %
11 %
10 %
10 %
$ 316
10 %
10 %
January Sold Price per Square Foot
$ 216
-20% -14% -70% -20%
$ 216
-70%
-20%
January Month ' s Supply of Inventory
54.7
364 % 93 % 159 % 233 %
54.7
159 %
233 %
January Sale Price vs List Price Ratio
91.7 % -1.0% 2.0 %
. 9 %
1.1 %
91.7 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
25
January Property sales were 3 , down 62.5 % from 8 in January of
Property
2017 and 78.6 Sales % lower than the 14 sales last month . January
January
2018 sales Property were at sales their were lowest 3 , down level 62.5 compared % from 8 to in January of of
25
20
2017 and 78.6 2016 % . lower January than YTD the 14 sales of last 3 are month running . January 62.5 %
2018 behind sales last were year at ' s their year-to-date lowest level sales compared of 8 . to January of
2017 and 2016 . January YTD sales of 3 are running 62.5 %
20
15
behind last year ' s year-to-date sales of 8 .
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
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 $ 1,250,000 , down 19.5 %
The from Median $ 1,552,500 Sales Price in January in January of 2017 was $ and 1,250,000 down 5.5 , down % from 19.5 %
3,500 from
$ 1,322,500 $ 1,552,500 last in month January . The of 2017 Average and Sales down Price 5.5 % in from January was
3,500
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
$ 1,322,500 1,216,667 last , down month 66.1 . % The from Average $ 3,591,250 Sales Price in January in January of 2017 was
3,000
$ and 1,216,667 down , 13.7 down % 66.1 from % $ from 1,409,898 $ 3,591,250 last month in January . January of 2017 2018
3,000
and
ASP down was 13.7 at the % from lowest $ 1,409,898 level compared last month to January . January of 2017 2018 and
2,500
ASP
2016 was . at the lowest level compared to January of 2017 and
2,500
2016 .
2,000
2,000
1,500
1,500
6 8
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 was 164 , down 0.6 % from 165 last month and down
250
January was 164 , down 0.6 % from 165 last month and down
250
3.0 % from 169 in January of last year . January 2018 Inventory
3.0 from 169 in January of last year . January 2018 Inventory
200
200 was was at
at its
its lowest
lowest level
level compared
compared with
with January
January of 2017
of 2017 and
and 2016
2016 .
.
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
50.0
150
150
40.0
30.0
100
100
A comparatively lower lower MSI MSI is more is more beneficial beneficial for for sellers sellers while while a a
20.0
higher MSI is is better for for buyers buyers . The . The January January 2018 2018 MSI MSI of 54.7 of 54.7
50 months was was at at its its highest level level compared with with January January of 2017 of 2017
50
10.0
and 2016 . .
0
0
0.0
F MFA
M AJ
MJ JA JS AO NS DO NJ
FD MJ
AF
M JA JM AJ
S JOAN SD OJ
NF DM JA FM MJ
AJ
MA SJ
OJ NA DS JO N D J
15
15
16
16
17
17
18
18
16 14 23 15 12 8 12 5 13 9 8 8 10 13 12 6 12
1,000
1,000 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 M15A M J J A S O N D J F M16
A M J J A S O N D J F M17A M J J A S O N D J 18
15 16
17 18
152 6 8 16 14 23 15 12 8 12
168 152
186 168 197
186 206
197 213
206 206
207 213
201 206
197 207
184 201
5 197
13
175 189
9 8 8 10 13 12 6 12 7 5
184
175 200
189 204
200
211 211 204 207 211
204 211
198 207
193 204
180 198
171
193 169 170
180
171 191
169 207
170 217
191 205
204 207
180 217
172 205
168 204
165 180
165 172
164 168
9 6 8 9
7 5 9 6 8 9 9 9
9 9 12 17
12 17 16 17 9
16 17
17 9
9 14
165 17 3
165 9
164 14 3
60.0 50.0
40.0 30.0 20.0 10.0 0.0
16 | 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 .