HOU ARCHIVED November 2017 | Page 16

Market Action Report November 2017
Market Action Report November 2017

MONTGOMERY

County : Montgomery

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
$ 1,500,000
0 %
0 %
Average List Price of all Current Listings
$ 2,009,252
-3%
1 %
November Median Sales Price
$ 1,205,000
-5%
-2%
-1%
-12%
$ 1,225,000
-9%
-11%
November Average Sales Price
$ 1,248,333
-25% -13% -14% -29%
$ 1,572,291
-3%
-10%
Total Properties Currently for Sale ( Inventory )
165
-2%
-8%
November Number of Properties Sold
9 -47%
0 %
132
33 %
November Average Days on Market ( Solds )
120
3 %
-2%
35 %
7 %
105
0 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 275
6 %
-1% -16%
-4%
$ 284
-1%
-1%
November Sold Price per Square Foot
$ 235
-8%
-5% -11% -18%
$ 272
8 %
-5%
November Month ' s Supply of Inventory
18.3
86 %
17 %
-8%
-24%
16.8
-29%
-30%
November Sale Price vs List Price Ratio
92.1 %
6.6 % 4.0 % 5.7 % 2.4 %
90.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
25
November Property sales were 9 , equal to 9 in November of
Property
2016 and 47.1 Sales % lower than the 17 sales last month . November
25
November
2017 sales Property were at their sales were highest 9 , equal level to compared 9 in November to November of of
20
2016 and 47.1 2015 % lower . November than the YTD 17 sales last of 132 month are . running November 33.3 %
2017 ahead sales of last were year at their ' s year-to-date highest level sales compared of 99 . to November of
2016 and 2015 . November YTD sales of 132 are running 33.3 %
20
15
ahead of last year ' s year-to-date sales of 99 .
15
10
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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 $ 1,205,000 , down
The
1.2 % Median from $ Sales 1,220,000 Price in in November November was of $ 2016 1,205,000 and down , down 5.1 %
1.2 from % from $ 1,270,000 $ 1,220,000 last in month November . The of Average 2016 and Sales down Price 5.1 in %
14
15
3,500
3,500
Median
16 Sales Price and Average 17Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
November $ 1,270,000 was $ last 1,248,333 month ., The down Average 13.7 % Sales from Price $ 1,446,111 in in
3,000
November was of 2016 $ 1,248,333 and down , down 25.3 13.7 %% from $ $ 1,672,137 1,446,111 last in month
3,000 .
November of 2017 2016 ASP and was down at 25.3 the % lowest from level $ 1,672,137 compared last month to .
2,500
November 2017 of 2016 ASP and was 2015 at the . lowest level compared to
2,500
November of 2016 and 2015 .
2,000
2,000
1,500
1,500
8 16 6 8
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 was 165 , down 1.8 % from 168 last month and down
250
November was 165 , down 1.8 % from 168 last month and down
250
8.3 % from 180 in November of last year . November 2017
8.3 from 180 in November of last year . November 2017
200
200
Inventory
Inventory was
was at
at its
its lowest
lowest level
level compared
compared with
with November
November of of
2016
2016 and and 2015 2015 . .
150
150
100
100
A comparatively lower lower MSI MSI is more is more beneficial beneficial for for sellers sellers while while a a
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
45.0
40.0
35.0
30.0
25.0
20.0
15.0
higher MSI is is better for for buyers buyers . The . The November 2017 2017 MSI MSI of of
50
50
10.0
18.3 months was was at at its its lowest level level compared with with November of of
2016 and 2015 . .
0
0
5.0
0.0
D
J
DF JM FA M AJ
MJ AJ
SJ OA NS DO JN FD MJ
AF MJA JMA J S JOAN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ
NA S O N
14
1514
15
16
16
17
17
16 14 23 15 12 8 12 5 13 9 8 8
1,000
1,000 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 J14F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M17
A M J J A S O N
14 15 16
17
134 8 16 6 8 16 14 23 15 12
142 134
152 142
168
152 186
168 197
186 206
197 213 206
207 213
201 206
8 207
12
197 184
5 13 9 8 8 10 13
10 13 12 6
12
12
6 12
201
175 197
189 184 175
200 204 189 211 200 211 204 207 211
204 211
198 207
193
204 180 171
198
169 193
170 180
171 191
169 207
170 217
191 205
203 207
179 217
170 205
168 203
165 179
7 5 9 6 8 9
7 5 9 6 8 9 9 9
9 9 12 17
12 17 16 17 9
16 17
170 17 9
168 9
165 17 9
45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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