HOU ARCHIVED October 2016 | Page 24

Market Action Report

County: Montgomery

Montgomery
Agent Name

Market Action Report

County: Montgomery

October 2016

Title
Phone
Agent
Name
Website
TitleOther
Phone
Trending versus*:
Month
LM L3M PYM
LY
Website
$329,900
-0%
-0%
Other

October 2016

Community Information | School District

Price Range: All | Properties: SFH - Con

Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con

Trending versus*:
Prior YTD Prior Year

YTD

$456,373 Trending
-1% versus*:
-1%
Trending versus*:
L3M -2%
PYM 3%
LY 0%
YTD
Prior YTD 1%
Prior Year 1%
2%
$242,500
$329,900
-0% 2% -2%
-0% -0% -5%
$287,497
$293,714
-4%
-3%
Average
List Price of
all Current
$456,3733,804
-1% -4%
-1% 0%
Total Properties
Currently
for Listings
Sale (Inventory)
Oc tober Median Sales Price
$240,000 588
2% -16%
-2% 3% -19%
0%
$242,500 7,549
1% -6% 1%
October Number of Properties Sold
October Average Sales Price
$287,497
2%
-2%
-0%
-5%
$293,714
-4%
October Average Days on Market (Solds)
68 28% 15% 15% 17%
64
14% -3% 10%
Total Properties Currently for Sale (Inventory)
3,804 -4%
0%
Asking Price per Square Foot (based on New Listings)
$124 2% 1% 2% 0%
$124
0%
0%
October Number of Properties Sold
588 -16%
-19%
7,549
-6%
October Sold Price per Square Foot
$111 1% -1% 0% -1%
$112
-1%
0%
October Average Days on Market (Solds)
68 28% 15% 15% 17%
64
14%
10%
October Month's Supply of Inventory
6.5 15% 14% 23% 44%
5.3
23%
19%
Asking Price per Square Foot (based on New Listings)
$124 2% 1% 2% 0%
$124
0%
0%
October Sale Price vs List Price Ratio
93.8% -.7% -.8% -.4% -1.4%
94.6%
-1%
-1%
October Sold Price per Square Foot
$111
1%
-1%
0%
-1%
$112
-1%
0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
October Month's Supply of Inventory
6.5 15% 14% 23% 44%
5.3
23%
19%
of 94.6%
Properties
October Sale Price vs List Price Ratio
93.8% -.7% -.8% -.4% Number
-1.4%
-1%Sold -1%
Average List Price of all Current Listings
Market
Trends
OctoberProfile
Median&Sales
PriceOverview
Median
List
Price ofSales
all Current
October
Average
Price Listings

Month
LM
$240,000

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
1,200

588

703

817

1,013

764

892

812

892

570

1,013

475

797

586

722

822

901

1,053

983

874

791

583

773

1,053

500

789

599

762

797

899

975

938

912

788

722

546

468

670

620

3 Mo Avg

588

703

817

915

764

812

570

475

797

586

722

822

901

983

874

791

773

583

500

789

599

762

797

899

975

938

912

788

722

546

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
13 14
15
16

N D J F M A M J J Median
A S O N Sales
D J F Price
M A Mand
J J Average
A S O N DSales
J F MPrice
A M J J A S O
3 Mo Avg
13 14
15
16

Prices

The Median Sales Price in October was $240,000, up 3.0% from
$233,024 in October of 2015 and up 2.1% from $235,000 last
Prices
month.
The
Average
Pricewas
in October
wasup
$287,497,
down
The
Median
Sales
Price Sales
in October
$240,000,
3.0% from
0.0% from
$287,548
October
of2.1%
2015from
and $235,000
up 1.8% from
$233,024
in October
of in
2015
and up
last
340
month.
Thelast
Average
Sales
Price in2016
October
down
$282,320
month.
October
ASPwas
was$287,497,
at a mid range
320
0.0%
from $287,548
in of
October
of 2015
and up 1.8% from
compared
to October
2015 and
2014.
$282,320 last month. October 2016 ASP was at a mid range
300
compared to October of 2015 and 2014.
280

620

0

468

0

200

670

400 200

Number of Properties Sold

915

October Property sales were 588, down 18.6% from 722 in
October of 2015 and 16.4% lower than the 703 sales last month. 1,000
Property
Sales
October 2016
sales were at their lowest level compared to
1,200
October
were 588,
downYTD
18.6%
from
in are
OctoberProperty
of 2015sales
and 2014.
October
sales
of722
7,549
800
October
2015behind
and 16.4%
the 703 sales
last
runningof5.7%
lastlower
year'sthan
year-to-date
sales
of month.
8,002. 1,000
October 2016 sales were at their lowest level compared to
600
October of 2015 and 2014. October YTD sales of 7,549 are
800
running 5.7% behind last year's year-to-date sales of 8,002.
400
600

Median Sales Price and Average Sales Price

340

3 Mo Avg

320
300
280
260

260 240
240 220
220 200

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
13
14
15
16
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
13
14
15
16

Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
4,500
October
was 3,804,ofdown
4.2% available
from 3,969
The
Total Inventory
Properties
for last
sale month
as of and up
4,5004,000
0.2% from
3,795 in
October
last3,969
year. last
October
October
was 3,804,
down
4.2%of
from
month2016
and up
Inventory
was at
highest
compared
with
October of 4,0003,500
0.2%
from 3,795
inits
October
of level
last year.
October
2016
3,5003,000
2015 andwas
2014.
Inventory
at its highest level compared with October of
3,0002,500
2015 and 2014.
2,5002,000
A comparatively lower MSI is more beneficial for sellers while a2,0001,500
Ahigher
comparatively
lower for
MSIbuyers.
is more The
beneficial
for2016
sellers
while
MSI is better
October
MSI
of a6.5 1,5001,000
higher
MSI
is better
for buyers.
Octoberwith
2016October
MSI of 6.5
months
was
at its highest
levelThe
compared
of 20151,000 500
500
months
was at its highest level compared with October of 2015
0
and 2014.

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

0

and 2014.

Copyright © CB United, Realtors | Price Range: All | Property Types: SFH - Con
Copyright © CB United,
Types:
SFH
c o Realtors
l d w| ePrice
l lRange:
b aAlln|kProperty
erh
om
e-sCon c o m
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.

24 |

.

3,988
3,969
3,804

3,491 3,795
3,505 3,795
3,6043,702
3,801
3,491
3,895
3,505
3,957
3,604
4,041
3,801
4,066
3,895
3,9883,957
3,969
4,041
3,804
4,066

3,7953,792
3,7023,756

2,5082,650
2,462
2,503

2,813
2,650
2,462 2,813

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
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 A0.0S O
N D 13J 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
13 14
15
16
2,508
2,651
2,780
2,503
2,879
2,651
2,960
2,780
2,869
2,879
2,7872,960
2,7722,869
2,7562,787
2,629
2,772
2,669
2,756
2,880
2,629
3,021
2,669
3,216
2,880
3,307
3,021
3,503
3,216
3,792
3,307
3,756
3,503
3,795

200

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0