HOU ARCHIVED March 2018 | Page 16

Market Action Report
March 2018
County: Montgomery
MONTGOMERY
Market Action Report
Agent Name
March 2018
Title
Phone
Agent
Name
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
County: Montgomery
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price Range: $1,000,000 and Up | Properties: SFH - Con
Median List Price of all Current Listings
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 168, up 223.1% from
52 days last month and up 273.3% from 45 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
160
140
120
100
76
80
60
45
40
20
0
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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16
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Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
700
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
600
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $293 was up
21.5% from $241 last month and up 20.6% from 243 in March of 500
last year.
400
3 Mo Avg
293
249
243
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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16
17
18
12
Median Sales Price and Average Sales Price
6
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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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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16
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Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
94.7%
95%
91.1%
90%
87.3%
85%
80%
75%
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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16
17
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100 100
comparatively lower
lower
MSI
is more
beneficial
sellers
while
A A comparatively
MSI
is more
beneficial
for for
sellers
while
a a
higher MSI
MSI is is better
better
buyers.
The
March
2018
of 18.1 50 50
higher
for for
buyers.
The
March
2018
MSI MSI
of 18.1
months was
was at at its its
lowest
level
compared
with
March
of 2017
months
lowest
level
compared
with
March
of 2017
and and
0 0
2016.
2016.
A M A J M J J A J S A O S N O
D N J D
F M J A F M
A J S O
J F N M D
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
J N
A D S O
15 15
16 16
17
18
17
Data
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
activity. activity.
CB United,
Realtors Realtors
Data is is provided
provided
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
CB United,
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.
50.0 100
40.0 40.0 50
30.0 30.0 20.0 20.0 10.0 10.0
0.0
J F M
18
0.0
150
200
60.0
250
50.0
60.0
Inventory / New Listings / Sales
Inventory / New Listings / Sales
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 51, up 21.4% from 42 last month and down
19.0% from 63 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
was 181, up 11.0% from 163 last month and down 4.7% from 190 250
was 181, up 11.0% from 163 last month and down 4.7% from 190 250
in March of last year. March 2018 Inventory was at its lowest
in March of last year. March 2018 Inventory was at its lowest
200 200
level compared
compared with
with
March
2017
2016.
level
March
of of
2017
and and
2016.
150 150
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 87.3% was down from 91.9% last month and down
from 91.1% in March of last year.
0
1,000
1,000
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
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Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
Copyright
United,
Realtors
| Price
Rang e:
$1,000,000
| Property
Types:
16
| © © CB CB coldwellbankerluxury.com
168
180
200
The Median Sales Price in March was $1,440,000, up 17.6%
Prices
3,500
from
$1,225,000
in March
of 2017
and up 30.9%
The
Median
Sales Price
in March
was $1,440,000,
up from
17.6%
$1,100,000
last in
month.
Average
Sales
Price
in March was 3,500
from
$1,225,000
March The
of 2017
and up
30.9%
from
$1,724,173, last
up month.
6.4% from
in March
of March
2017 and
3,000
$1,100,000
The $1,621,111
Average Sales
Price in
was up
33.7% from
last month.
2018
ASP
$1,724,173,
up $1,289,444
6.4% from $1,621,111
in March
March of
2017
and was
up at the
3,000
highest
level
compared last
to month.
March of
2017 2018
and 2016.
33.7%
from
$1,289,444
March
ASP was at the
2,500
highest level compared to March of 2017 and 2016.
2,500
2,000
2,000
1,500
1,500
Inventory & MSI
Inventory & MSI
3 Mo Avg
200
Prices
Title
Phone
Website
Other
300
0
Number of Properties Sold
5
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
5
10
County: Montgomery
MONTGOMERY
Price Range: $1,000,000 and Up | Properties: SFH - Con
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
25
March Property sales were 10, up 11.1% from 9 in March of 2017
and 11.1% higher
Property
Sales than the 9 sales last month. March 2018 sales 25
were at
their highest
level 10,
compared
March
2017 of and
2016. 20
March
Property
sales were
up 11.1% to
from
9 in of
March
2017
and
11.1%
higher
than
the are
9 sales
last month.
March last
2018 year's
sales year-
March
YTD
sales
of 22
running
15.4% behind
were
at their
to-date
sales highest
of 26. level compared to March of 2017 and 2016. 20 15
March YTD sales of 22 are running 15.4% behind last year's year-
to-date sales of 26.
15
10
March 2018
Community Information | School District
$1,500,000 -6%
1%
Trending versus*:
Trending versus*:
Average
List
Price
of
all
Current
Listings
$1,987,710
-3%
-1%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
March List
Median
$1,440,000
-10%
-1%
Median
Price Sales
of all Price
Current Listings
$1,500,000
-6% 31% 13%
1% 18% 16% $1,225,000
March
Average
Sales
Price
$1,724,173
34%
19%
6%
11%
$1,477,124
-32%
-5%
Average List Price of all Current Listings
$1,987,710 -3%
-1%
Total
Properties
Currently
for
Sale
(Inventory)
181
11%
-5%
March Median Sales Price
$1,440,000 31% 13% 18% 16% $1,225,000
-10%
-1%
March Average
Number
of Properties
Sold
10 11%
22 -15% -5%
March
Sales
Price
$1,724,173 34%
19% 6% 11%
11% $1,477,124
-32%
Total
Properties
for Sale (Solds)
(Inventory)
181 168
11% 223% 58%
-5% 273% 62%
March
Average Currently
Days on Market
107 -14%
3%
March
Number
of
Properties
Sold
10
11%
11%
22 $297
-15% 3%
Asking Price per Square Foot (based on New Listings)
$299 8% 2% 3% 5%
4%
March
Days
on Square
Market Foot
(Solds)
168
223% 21%
58% 11%
273% 21%
62% 8%
107 $261
-14% -34% 3% -4%
March Average
Sold Price
per
$293
Asking
per Square
(based on New Listings)
$299 18.1
8% -0%
2% -40%
3% -14%
5% 11% $297 30.0
3% 48% 4% 84%
March Price
Month's
Supply Foot
of Inventory
March
Sold
Price
per
Square
Foot
$293
21%
11%
21%
8%
$261
-34%
March Sale Price vs List Price Ratio
87.3% -5.0% -3.9% -4.2% -3.8%
89.8%
-1% -4% -1%
March
Supply
of / Inventory
30.0
48%
84%
* LM=Last Month's
Month / L3M=Last
3 Months
PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 18.1 -0% -40% -14% 11%
March Sale Price vs List Price Ratio
87.3% -5.0% -3.9% -4.2% Number
-3.8%
89.8%
-1%
of Properties Sold -1%
Property Sales
Market Action Report
0
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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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.
Coldwell Banker Global Luxury ® | 17