HOU ARCHIVED March 2018 | Page 14

Market Action Report
March 2018
Agent Name
County: Harris
HARRIS
Market
Action Report
Title
Agent
Name
County: Harris Information | School District Title Phone
Community
Website
March 2018
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
$1,599,000 0%
0%
Trending versus*:
Average
List
Price
of
all
Current
Listings
$2,024,037
3%
Market Profile & Trends Overview
Month
LM L3M PYM 4%
LY
March
Median
Sales
Price
$1,385,000
Median List Price of all Current Listings
$1,599,000 0% 4% -3%
0% -1%
March Average
$1,654,093
Average
List Price Sales
of all Price
Current Listings
$2,024,037
3% 7% -1%
4% -1%
Total Properties
Currently
March
Median Sales
Price for Sale (Inventory)
$1,385,000 1,101
4% 11%
-3% -1% 1%
-1%
March
Sales
Price
$1,654,093 93
7% 26%
-1% -1% -7%
-2%
March Average
Number
of Properties
Sold
Total
Properties
for Sale (Solds)
(Inventory)
1,101 11%
1% -1%
March
Average Currently
Days on Market
86 1% -2%
March
of Properties
Sold
93
26% -3% -3%
-7% 4%
Asking Number
Price per
Square Foot
(based on New Listings)
$380
March
Average
Days
on
Market
(Solds)
86
1%
-2%
-1% 2%
8%
March Sold Price per Square Foot
$353 6% 1%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$380
-3%
-3%
4%
-1%
March Month's Supply of Inventory
11.8 -12% -18% 8%
March
Foot
$353
6% .2%
1% .3%
2% .2%
1%
March Sold
Sale Price
Price per
vs Square
List Price
Ratio
93.0%
March
Supply
of / Inventory
14%
* LM=Last Month's
Month / L3M=Last
3 Months
PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 11.8 -12% -18% 8%
March Sale Price vs List Price Ratio
93.0% .2% .3% .2% .3%
Property Sales
180
March Property sales were 93, down 7.0% from 100 in March of
2017 and 25.7%
Property
Sales higher than the 74 sales last month. March 180 160
March
Property
93, down
7.0% from
100 in of March
2018 sales
were sales
at a were
mid level
compared
to March
2017 of
and
140
2017
and
25.7% YTD
higher
than
sales
last month.
March last 160
2016.
March
sales
of the
220 74 are
running
8.3% behind
120
2018
sales
were at a mid
compared to March of 2017 and
140
year's
year-to-date
sales level
of 240.
2016. March YTD sales of 220 are running 8.3% behind last
100
120
year's year-to-date sales of 240.
100 80
80 60
HARRIS
County: Harris
Agent Name
Title
Phone
Website
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
YTD
Trending versus*:
Prior YTD Prior Year
YTD
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
-1% $1,412,500
2%
-2% $1,660,754
-1%
$1,412,500
2%
1%
$1,660,754 220
-1% -8% -1%
8%
86
0%
220 $388
-8% 4%
-1%
86 $355 0% 1% 8%
1%
$388
4% 11% 2%
14%
14.4
$355
1% 0% 1%
.3%
92.8%
14.4
11%
39%
92.8%
0%
0%
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 86, up 1.2% from 85
days last month and down 1.1% from 87 days in March of last
year. The March 201 8 DOM was at a mid level compared with
March of 2017 and 2016.
1%
-1%
8%
2%
1%
39%
0%
120
100
87
80
60
40
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
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $353 was up
5.7% from $334 last month and up 1.6% from 348 in March of
last year.
400
390
380
370
360
350
340
330
320
310
300
338
1,000
800 800
600 600
comparatively lower
lower
MSI
is more
beneficial
sellers
while
A A comparatively
MSI
is more
beneficial
for for
sellers
while
a a 400 400
higher MSI
MSI is is better
better
buyers.
The
March
2018
of 11.8
higher
for for
buyers.
The
March
2018
MSI MSI
of 11.8
200 200
months was
was at at a a mid
mid
level
compared
with
March
of 2017
months
level
compared
with
March
of 2017
and and
0 0
2016.
2016.
A M A J M J J A J S A
O N
D N
J F D M J A F M
A S J O J N
S O
M J A J M 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 D S J O F N M D
15 15
16 16
17
18
17
Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
14
| © © CB CB coldwellbankerluxury.com
Copyright
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
Data is provided courtesy of Houston Association of REALTORS and may not reflect all relevant real estate activity. CB United, Realtors
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.
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.
94.7%
94%
92%
90%
88%
86%
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
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,400
5.0 5.0
0.0
0
10.0 10.0 200
15.0 15.0 20.0 20.0
800
25.0
1,000
1,200
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 392, up 35.6% from 289 last month and
down 8.8% from 430 in March of last year.
25.0
0.0
J F M
18
93.0%
92.8%
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
1,400
was 1,101,
1,101, up
up 11.1%
11.1%
from
991
last
month
0.7%
from
1,093
1,400
was
from
991
last
month
and and
up up
0.7%
from
1,093
in
March
of
last
year.
March
2018
Inventory
was
at
a
mid
level
in March of last year. March 2018 Inventory was at a mid level
1,200 1,200
compared with
with March
March
2017
and
2016.
compared
of of
2017
and
2016.
1,000
96%
Median Sales Price and Average Sales Price
2,000
3 Mo Avg
from
$1,402,254
in March
of 2017
and up 3.9% down
from 1.2%
The
Median
Sales Price
in March
was $1,385,000,
2,000
$1,333,000
last in
month.
Average
Sales
Price
1,900
from
$1,402,254
March The
of 2017
and up
3.9%
from in March was
$1,654,093,
down
1.3% The
from
$1,675,461
in March
of 2017
$1,333,000
last
month.
Average
Sales Price
in March
was and 1,900
1,800
up 7.2% from
$1,543,112
last
month. March
2018
ASP and
was at a
$1,654,093,
down
1.3% from
$1,675,461
in March
of 2017
1,800
mid
range
compared
to last
March
of 2017
and 2018
2016.
up
7.2%
from
$1,543,112
month.
March
ASP was at a
1,700
mid range compared to March of 2017 and 2016.
1,700
1,600
1,600
1,500
1,500
1,400
1,400
1,300
1,300
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 M 15 J J A S O N D J F 16
M A M J J A S O N D J F M 17 A M J J A S O N D J F M 18
15
16
17
18
98%
3 Mo Avg
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
133
116
89
115
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
0
15
16
17
18
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
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18
Median Sales Price and Average Sales Price
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 93.0% was up from 92.8% last month and up from
92.8% in March of last year.
Prices
The Median Sales Price in March was $1,385,000, down 1.2%
Prices
353
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
16
17
18
40 20
0
3 Mo Avg
348
60 40
20
86
72
0
3 Mo Avg
Number of Properties Sold
3 Mo Avg
20
Number of Properties Sold
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March 2018
Community Information | School District
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
600
400
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
16
17
18
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 guara ntee 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.
Coldwell Banker Global Luxury ® | 15