HOU ARCHIVED May 2017 | Page 12

Market Action Report
May 2017
County: Montgomery
MONTGOMERY
Market Action Report
Agent Name
May 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,495,000
3%
-0%
Community
Information | School District
County: Montgomery
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con Listings
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$1,983,952 Trending
0%
-3%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,257,500
-3% -3% -9%
-8% $1,340,000
-4%
-2%
$1,495,000 3%
-0%
$1,311,250 -5% -8% -28% -25% $1,798,624
1%
3%
$1,983,952 0%
-3%
227 6%
7%
$1,257,500 -3% -3% -9% -8% $1,340,000
-4%
-2%
12 33%
-8%
47
-2%
$1,311,250 -5% -8% -28% -25% $1,798,624
1%
3%
99
-8%
-12%
227 44
6% -55% -47%
7% -67% -61%
$305
1%
12
33% 10% 4%
-8% 10% 6%
47 $291
-2% 7%
May Average
Sold Price
per
$270
May
Days
on Square
Market Foot
(Solds)
44
-55% 22%
-47% 8%
-67% 8%
-61% -5%
99 $331
-8% 30% -12% 16%
May Month's
Supply
Inventory
Asking
Price per
Square of Foot
(based on New Listings)
$305 18.9
10% -20%
4% -12%
10% 16%
6% -22% $291 21.0
7% 0% 1% -13%
May Sold
Sale Price
Price per
vs Square
List Price
Ratio
95.6%
May
Foot
$270
22% 6.1%
8% 3.9%
8% 10.4%
-5% 6.2% $331 91.8%
30% 2% 16% 2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May Month's Supply of Inventory
18.9 -20% -12% 16% -22%
21.0
0%
-13%
of Properties
May Sale Price vs List Price Ratio
95.6% 6.1% 3.9% 10.4% Number
6.2%
91.8%
2% Sold 2%
Average List Price of all Current Listings
Market Profile & Trends Overview
May Median Sales Price
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
May Number of Properties Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking
Price of
per
Square Foot
May
Number
Properties
Sold (based on New Listings)
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
25
May Property sales were 12, down 7.7% from 13 in May of 2016
and 33.3% higher than the 9 sales last month. May 2017 sales
Property Sales
were at their lowest level compared to May of 2016 and 2015. 25 20
May Property sales were 12, down 7.7% from 13 in May of 2016
May YTD sales of 47 are running 2.1% behind last year's year-to-
and 33.3% higher than the 9 sales last month. May 2017 sales
date sales of 48.
20 15
were at their lowest level compared to May of 2016 and 2015.
May YTD sales of 47 are running 2.1% behind last year's year-to-
date sales of 48.
15 10
10
Prices
3 Mo Avg
The Median Sales Price in May was $1,257,500, down 9.1% from
Prices
3,500
$1,384,000 in May of 2016 and down 3.3% from $1,300,000
The
in May
was
$1,257,500,
down
9.1% from
last Median
month. Sales
The Price
Average
Sales
Price
in May was
$1,311,250,
$1,384,000
in from
May of
2016 and in
down
from and
$1,300,000
down 28.1%
$1,822,923
May 3.3%
of 2016
down 4.7% 3,500 3,000
last
month.
The Average
Sales Price
May
was was
$1,311,250,
from
$1,375,556
last month.
May in
2017
ASP
at the lowest
down
from to
$1,822,923
in May
2016 and down 4.7%
3,000
level 28.1%
compared
May of 2016
and of
2015.
2,500
from $1,375,556 last month. May 2017 ASP was at the lowest
level compared to May of 2016 and 2015.
2,500
2,000
12
Median Sales Price and Average Sales Price
8
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
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
Median Sales Price 16
and Average Sales Price 17
3 Mo Avg
J J A S O N D
14
J J A S O N D J F
14
15
0
5
5
0
Number of Properties Sold
3 Mo Avg
2,000
1,500
1,500
1,000
1,000
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
J J 14 A S O N D J F 15
M 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
14
15
16
17
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
250
The
of Properties
available
for up
sale
as of
May
was Total
227, Inventory
up 6.1% from
214 last month
and
7.1%
from
212 in
250
was
up 6.1%
last Inventory
month and
up at
7.1%
212 level
in
May 227,
of last
year. from
May 214
2017
was
its from
highest
200
May
of last year.
May of
2017
Inventory
was at its highest level
compared
with May
2016
and 2015.
200
Copyright
United,
Realtors
| Price
Range:
$1,000,000
| Property
Types:
12
| © © CB CB coldwellbankerluxury.com
Copyright
United,
Realtors
| Price
Range:
$1,000,000
and and
Up | Up
Property
Types:
SFH - SFH
Con - Con
Data is is provided
provided
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
CB United,
Data
courtesy
of Houston
Association
of REALTORS
and may
not reflect
all relevant
real estate
activity. activity.
CB United,
Realtors Realtors
does not
not warrant
warrant
guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any buyer
or to
seller
verify
all information
to such consumer’s
estate transaction.
does
or or
guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
or seller
verify to any
and any
all and
information
relevant relevant
to such consumer’s
real estate real
transaction.
A comparatively lower MSI is more beneficial for sellers while a 100
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for sellers
MSI is better
May 2017
MSI of while
18.9 a
higher MSI is better for buyers. The May 2017 MSI of 18.9
months was at its highest level compared with May of 2016 and 50
months was at its highest level compared with May of 2016 and
2015.
0
2015.
150
45.0
40.0
35.0
150
30.0
25.0
100
20.0
15.0
50
10.0
5.0
0
0.0
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
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
14
15
16
17
14
15
16
17
compared with May of 2016 and 2015.
Total Inventory & Month's S