HOU ARCHIVED November 2016 | Page 14

Market Action Report

Harris

County: Harris

November 2016

Agent Name

Title
Market Action Report
Phone
Community Information
| School District
Agent Name

County: Harris

November 2016

Website

TitleOther
Phone
Trending versus*:
Month
LM L3M PYM
LY
Website
$1,599,000
0%
5%
Other

Price Range: $1,000,000 and Up | Properties: SFH - Con

Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con

Trending versus*:
Prior YTD Prior Year

YTD

$2,017,944 Trending
-1% versus*:
4%
Trending versus*:
Month
LM -3%
L3M -1%
PYM -6%
LY -1%
YTD
Prior YTD -2%
Prior Year -2%
$1,385,000
$1,370,000
$1,599,000
0%
5%
$1,575,441 -7% -2% -2% -6% $1,639,071
-2%
-2%
Average
List Price of
all Current
$2,017,944 991
-1% -5%
4% 5%
Total Properties
Currently
for Listings
Sale (Inventory)
November Median Sales Price
$1,385,000 -3%
-1% -6% 8%
-1% $1,370,000 1,059
-2% -7% -2%
November Number of Properties Sold
77 -3%
November Average Sales Price
$1,575,441 -7% -2% -2% -6% $1,639,071
-2%
November Average Days on Market (Solds)
87 -11% 2% 6% 19%
81
14% -2% 11%
Total Properties Currently for Sale (Inventory)
991 -5%
5%
Asking Price per Square Foot (based on New Listings)
$368 -5% -4% -9% 0%
$370
1%
1%
November Number of Properties Sold
77 -3%
8%
1,059
-7%
November Sold Price per Square Foot
$358 6% 3% 3% 3%
$347
0%
0%
November Average Days on Market (Solds)
87 -11% 2% 6% 19%
81
14%
11%
November Month's Supply of Inventory
12.9 -2% 2% -4% 41%
12.1
33%
33%
Asking Price per Square Foot (based on New Listings)
$368 -5% -4% -9% 0%
$370
1%
1%
November Sale Price vs List Price Ratio
92.0% -.8% -.4% -1.3% -2.8%
92.7%
-2%
-2%
November Sold Price per Square Foot
$358
6%
3%
3%
3%
$347
0%
0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
November Month's Supply of Inventory
12.9 -2% 2% -4% 41%
12.1
33%
33%
of 92.7%
Properties
November Sale Price vs List Price Ratio
92.0% -.8% -.4% -1.3% Number
-2.8%
-2%Sold -2%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
November
Median
Sales Price
Median
List
Price
of
all
Current
November Average Sales PriceListings

3 Mo Avg

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales
180

Number of Properties Sold

160

3 Mo Avg

140
120
100

77

79

125

90

115

152

118

104

90

62

47

93

71

89

107

97

142

156

127

106

109

65

104

65

80

108

86

110

118

144

145

115

84

57

90

77

79

90

125

115

152

118

104

90

62

47

93

71

89

97

107

142

156

127

106

109

65

65

104

80

86

108

110

118

144

145

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
13 14
15
16
115

0

0

46

20

90

40

84

60
80 40
60 20

46

80

57

November Property sales were 77, up 8.5% from 71 in November
of 2015 and 2.5% lower than the 79 sales last month. November
Property
2016 salesSales
were at a mid level compared to November of 2015 180
November
salesYTD
weresales
77, up
71 in November
and 2014.Property
November
of 8.5%
1,059from
are running
6.6%
ofbehind
2015 and
lower
than the 79
sales
month. November 160
last2.5%
year's
year-to-date
sales
oflast
1,134.
2016 sales were at a mid level compared to November of 2015
140
and 2014. November YTD sales of 1,059 are running 6.6%
120
behind last year's year-to-date sales of 1,134.
100

D J F M A M J J A Median
S O N D Sales
J F M Price
A M J and
J A SAverage
O N D J Sales
F M APrice
M J J A S O N
3 Mo Avg
15
16

Prices

13 14
The Median Sales Price in November was $1,385,000, down
2,000
6.1% from $1,475,000 in November of 2015 and down 3.5%
Prices
from
$1,434,968
last month.
The Average
Sales Price
in
The
Median
Sales Price
in November
was $1,385,000,
down
1,900
2,000
November
was $1,575,441,
down 1.7%
from
$1,602,093
6.1%
from $1,475,000
in November
of 2015
and
down 3.5%in
1,800
from
$1,434,968
last and
month.
The
Average
Price inlast month.
November
of 2015
down
6.6%
fromSales
$1,686,027
1,900
November
was
$1,575,441,
from
$1,602,093
in to
November
2016
ASP wasdown
at the1.7%
lowest
level
compared
1,700
November
ofof
2015
and
down
6.6% from $1,686,027 last month. 1,800
November
2015
and
2014.
November 2016 ASP was at the lowest level compared to
1,7001,600
November of 2015 and 2014.
1,6001,500

Median Sales Price and Average Sales Price

3 Mo Avg

1,5001,400
1,4001,300

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
13 14
15
1 6
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
13 14
15
16

517
544
564517
587544

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.

20.0

1,077
1,041
991

861 948
906 984
1,010947
1,118
861
1,161
906
1,164
1,010
1,170
1,118
1,1481,161
1,083 1,164
1,077 1,170
1,041
1,148
991
1,083

800 600
A comparatively lower MSI is more beneficial for sellers while a 600 400
Ahigher
comparatively
lower for
MSIbuyers.
is more The
beneficial
for sellers
MSI is better
November
2016while
MSI aof
400 200
higher
MSI is better
buyers.
November
2016
MSI of of
12.9 months
was atfor
a mid
levelThe
compared
with
November
200
12.9
months
was at a mid level compared with November of
0
2015
and 2014.
0
2015 and 2014.
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
D J 13
F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M 16
A M J J A S O N
13 14
15
16
Copyright © CB United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
16
c o lRealtors
d w|ePrice
l lRange:
b a$1,000,000
n k e randhUpo| m
e s Types:
. c oSFHm- Con
Copyright |© CB United,
Property

25.0
25.0

910
984
947921

2015 and 2014.

Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)

921883
948888

Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
1,400
November
was 991,
4.8%available
from 1,041
The
Total Inventory
ofdown
Properties
forlast
salemonth
as of and up
1,4001,200
4.6% fromwas
947
in November
last1,041
year.last
November
2016
November
991,
down 4.8% of
from
month and
up
Inventory
wasinatNovember
its highest
compared
with November
of 1,2001,000
4.6%
from 947
oflevel
last year.
November
2016
2015 andwas
2014.
Inventory
at its highest level compared with November of
1,000 800

564
633
636587
625 633
663636
619 625
630 663
685
619
665630
661 685
707
665
771
661
826
707
860
771
883
826
888
860
910

1,300

15.0
10.0
5.0

S0.0O N

20.0
15.0
10.0
5.0
0.0