HOU ARCHIVED October 2017 | Page 24

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

County : Montgomery

Price Range : All | 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
$ 329,900
2 %
2 %
Average List Price of all Current Listings
$ 442,455
2 %
0 %
October Median Sales Price
$ 240,481
-6%
-4%
-2%
-1%
$ 249,000
2 %
2 %
October Average Sales Price
$ 297,437
-0%
-3%
3 %
1 %
$ 302,052
3 %
3 %
Total Properties Currently for Sale ( Inventory )
3,767
-7%
-4%
October Number of Properties Sold
862
-9%
18 %
8,706
8 %
October Average Days on Market ( Solds )
65
8 %
10 % -10%
-2%
63
-3%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 126
2 %
1 %
4 %
2 %
$ 126
2 %
2 %
October Sold Price per Square Foot
$ 114
-2%
-2%
3 %
2 %
$ 115
3 %
3 %
October Month ' s Supply of Inventory
4.4
2 %
-5% -18% -13%
5.0
-2%
-2%
October Sale Price vs List Price Ratio
94.3 %
-. 3 %
-. 4 %
. 9 %
-. 1 %
94.8 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
1,400 October Property sales were 862 , up 18.1 % from 730 in October
of 2016 and 8.7 % lower than the 944 sales last month . October 1,200 Property 2017 sales Sales were at their highest level compared to October of 1,400
October 2016 and Property 2015 . sales October were YTD 862 , sales up 18.1 of % 8,706 from are 730 running October 8.4 % 1,000 of ahead 2016 and of last 8.7 year % lower ' s year-to-date than the 944 sales sales of last 8,029 month . . October 1,200 2017 sales were at their highest level compared to October of
800
2016 and 2015 . October YTD sales of 8,706 are running 8.4 % 1,000 ahead of last year ' s year-to-date sales of 8,029 .
600
800 400
600 200
400 0
200
Prices The Median Sales Price in October was $ 240,481 , down 1.6 %
Prices from $ 244,500 in October of 2016 and down 5.6 % from 340 The $ 254,698 Median last Sales month Price . in The October Average was Sales $ 240,481 Price , down in October 1.6 % was from $ 297,437 $ 244,500 , up 3.0 in October % from of $ 288,716 2016 and in down October 5.6 % of from 2016 and down 320
340 $ 0.2 254,698 % from last $ month 298,102 . The last Average month . Sales October Price 2017 in October ASP was was at the 300
$ highest 297,437 , level up 3.0 compared % from $ to 288,716 October in October of 2016 of and 2016 2015 and . down 320 0.2 % from $ 298,102 last month . October 2017 ASP was at the 280
300 highest level compared to October of 2016 and 2015 . 280
260
260 240
240 220

Montgomery

Agent Name
Title Phone Website Other

Community Information | School District

0
Number of Properties Sold
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 14 15
16
17 J F M A M J JMedian 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
15 16
17 3 Mo Avg
Median Sales Price and Average Sales Price
599 789 500 583 773 791 874 1,053 983 901 822 722 586 797 475 570 814 764 916 1,013 904 988 855 730 719 757 464 645 859 827 1,077 1,156 1,018 854 944 862
N D
14
599 789 500 583 773
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
200 14 15
16
17 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 14 15
16 17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory
& MSI of Properties available for sale as of
Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 3,767 of , down Properties 6.8 % from available 4,041 for last sale month as of and down 5,000 October 3.7 % from was 3,910 3,767 , in down October 6.8 % of from last 4,041 year . last October month 2017 and down Inventory 5,000
9.0 4,000
3.7 was % from at its 3,910 lowest in level October compared of last year with . October 2017 of 2016 Inventory and 2015 . 8.0
4,000 was at its lowest level compared with October of 2016 and 2015 .
7.0 3,000
6.0
3,000 2,000
5.0
A comparatively lower MSI is more beneficial for sellers while a 4.0
2,000 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 4.4 a 1,000
3.0 higher months MSI was is better at its lowest for buyers level . The compared October with 2017 October MSI of of 4.42016 1,000
2.0 months and 2015 was . at its lowest level compared with October of 2016 0
1.0 and 2015 .
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 14J
F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M 17 A M J J A S O
14 15 16
17
2,753 2,626 2,666 2,877 3,018
2,753 2,626 2,666 2,877 3,018 3,213 3,304
791 874 1,053 983
3,213 3,304 3,500
3,789
901 822
3,500 3,789 3,753 3,792 3,793 3,701 3,490 3,505 3,605 3,805 3,900 3,964
Number of Properties Sold
722 586 797 475 570 814 764 916 1,013 904 988 855
3,753 3,792 3,793 3,701 3,490 3,505 3,605 3,805 3,900 3,964 4,051 4,078 4,013 4,017 3,910 730 719 757
3,841 3,634 3,582
4,051 4,078 4,013 4,017 3,910 3,841 3,634 3,582 3,675 4,047 4,266
464 645
3,675 4,047
859
4,424 4,624 4,520 4,417
827
3 Mo Avg
1,077
3 Mo Avg
4,041
3,767 1,156 1,018
4,266 4,424 4,624 4,520 4,417
3 Mo Avg
854 944
4,041 3,767
862
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © CB United , Realtors | Price Range : All | Property Types : SFH - Con
24 | c o l d w e l l b a n k e r h o m e s . c o m
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 .