HOU ARCHIVED November 2017 | Page 14

Market Action Report November 2017
Market Action Report November 2017

HARRIS

County : Harris

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
$ 1,599,900
-0%
0 %
Average List Price of all Current Listings
$ 2,021,661
1 %
2 %
November Median Sales Price
$ 1,310,000
-2%
-5%
-3%
-5%
$ 1,386,250
1 %
0 %
November Average Sales Price
$ 1,669,891
9 %
1 %
7 %
1 %
$ 1,673,912
2 %
1 %
Total Properties Currently for Sale ( Inventory )
1,060
-5%
6 %
November Number of Properties Sold
99
0 %
11 %
1,202
10 %
November Average Days on Market ( Solds )
89
1 %
7 %
-2%
7 %
78
-5%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 397
-6%
-1%
9 %
8 %
$ 381
4 %
3 %
November Sold Price per Square Foot
$ 330
-5%
-4%
-6%
-5%
$ 350
1 %
1 %
November Month ' s Supply of Inventory
10.7
-5%
-4%
-5%
-7%
10.7
-10%
-7%
November Sale Price vs List Price Ratio
92.8 %
1.5 %
. 5 %
1.4 %
. 4 %
92.8 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
Property Sales
November Property sales were 99 , up 11.2 % from 89 in
Property
November Sales of 2016 and the same as the 99 sales last month .
180
160
180
Number of Properties Sold
3 Mo Avg
November Property 2017 sales sales were at 99 their , up highest 11.2 % from level 89 compared in to
140 of and the same as the 99 sales last month .
160
November of 2016 and 2015 . November YTD sales of 1,202 are
120
November running 9.7 2017 % ahead sales were of last at year their ' s highest year-to-date level compared sales of 1,096 to .
140
November of 2016 and 2015 . November YTD sales of 1,202 are running 9.7 % ahead of last year ' s year-to-date sales of 1,096 .
100
120
100
80
80
60
60
40
40
20
20
0
0
D
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
14
15
16
17
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
Prices
Prices
The Median Sales Price in November was $ 1,310,000 , down
The
3.3 % Median from $ Sales 1,355,000 Price in in November was of $ 2016 1,310,000 and down , down 1.9 %
3.3 from % from $ 1,335,000 $ 1,355,000 last in month November . The of Average 2016 and Sales down Price 1.9 in %
14
15
2,000
2,000
1,900
Median
16 Sales Price and Average 17Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
November $ 1,335,000 was $ last 1,669,891 month ., up The 7.0 Average % from Sales $ 1,560,964 Price in in
November was of 2016 $ 1,669,891 and up , up 9.57.0 %% from $ 1,525,100 $ 1,560,964 last in month .
November of 2017 2016 ASP and was up 9.5 at % the from highest $ 1,525,100 level compared last month to .
1,900
1,800
1,800
1,700
November 2017 of 2016 ASP and was 2015 at the . highest level compared to
November of 2016 and 2015 .
1,700
1,600
1,600
1,500
1,500
1,400
1,400
1,300
1,300
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
D
J
14
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 J
J
A S O N
14
15
16
17
104
104 65 65 109 106 127 156 142 107 97 89 71 93 47 62 90 104 118 152 115 133 98 88 89 116 53 87 100 125 163 143 130 106 97 99 99
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
November
November was
was 1,060
1,060 , down
, down 4.8
4.8 % from
% from 1,114
1,114 last
last month
month and
and up up
1,400
1,400
5.8
5.8 % from from 1,002 1,002 in in November
November of of last last year year . November
. November 2017
2017
1,200
1,200
Inventory
Inventory was was at at its its highest highest level level compared compared with with November November of of
1,000
1,000
2016
2016 and and 2015 2015 . .
800
800
600
600
A comparatively lower MSI MSI is more is more beneficial for for sellers sellers while while a a
400
400 higher MSI is is better for for buyers . The . The November 2017 2017 MSI MSI of of
10.7 months was was at at its its lowest level level compared with with November of of
200
200
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
10.0
5.0
2016 and 2015 . .
0
0
0.0
D
J
DF JM FA M AJ
MJ AJ
SJ OA NS DO JN FD MJ
AF MJA JMA JS JO AN SD OJ
NF
DM AJ
MF MJ
AJ
MA SJ
OJ
NA S O N
14
1514
15
16
16
17
17
663 709
65
771 826
Agent Name
65
663 709 771
Title Phone Website Other
109 106 127 156
860
826 883
860 888
910 883 923
142 107 97
950
923 988 953
888 910
89 71
868 912 1,017 93 47
950 988 953 868 912
62 90 104 118 152 115
1,170 1,176 1,184 1,158 1,096
1,128 1,170
1,017 1,176 1,128 1,184
1,158 1,096 1,088 1,053
133 98 88
1,002 905 900 965
89
1,088 1,053 1,002 905 116 53 87
1,094 1,137 1,200 1,198
900 965 1,094
100 125 163 143
1,137 1,193
1,160 1,200 1,198 1,193 1,160 1,121 1,114
1,121 1,114 1,060 130 106 97
1,060 99 99
25.0 20.0
15.0 10.0 5.0 0.0
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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 .