The document provides market data and analysis for the Houston housing market from June 2013 to June 2015. It includes charts showing trends in average sales price per square foot for single-family homes, months of housing inventory, and numbers of properties for sale, under contract, and sold each month. Overall, the average sales price increased 9% over the two years while housing inventory declined. The number of properties sold each month fluctuated between 240-275 during this period.

1. June 2015
Our take on “How’s the market?”
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2. Market Dynamics
Average $/SQFT (FS, Sold)
2 Years (Monthly) 06/01/13 - 06/30/15
Referred Realty Group
Price:
0.38
All
All All
0.62
16.64
Property Types:
HAR
Sold $/SQFT
For Sale $/SQFT
MLS: All
0.85
Bathrooms:
0.69
All
14.8220.37
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
9.04
Lot Size:Period:
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
07/02/15BrokerMetrics®
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
1 of 2

3. Average $/SQFT (FS, Sold)
2 Years (Monthly) 06/01/13 - 06/30/15
Market Dynamics Referred Realty Group
#
FOR SALE
SQFTPeriod
$/Avg
SQFT
Time
Avg $
UNDER CONTRACT
# Avg $
Avg
SQFT
$/
SQFT
SOLD EXPIRED NEW LISTINGS
# # #Avg $ Avg $ Avg $
Avg
SQFT
$/
SQFT
Avg
SQFT
$/
SQFT
Avg
SQFT
$/
SQFT
203Jun-15 1,320 3,651741,974 240 521,063 3,121 167 273 179 420566,125 736,113 597,7793,298 172 3,606 204 3,284 182
199May-15 1,266 3,638724,728 246 490,045 3,044 161 232 120 403479,570 571,806 543,7263,114 154 3,489 164 3,187 171
200Apr-15 1,230 3,695738,794 257 544,376 3,228 169 207 110 451467,674 640,254 640,2453,000 156 3,574 179 3,419 187
199Mar-15 1,125 3,688735,755 259 550,380 3,154 174 210 87 392405,888 749,528 629,1972,832 143 3,794 197 3,400 185
199Feb-15 1,013 3,662729,407 203 453,817 2,935 155 133 77 299437,539 853,062 566,3833,009 145 3,866 221 3,292 172
199Jan-15 977 3,650725,612 154 453,844 3,015 151 127 109 309526,636 637,529 574,9263,167 166 3,451 185 3,300 174
198Dec-14 939 3,640721,219 149 526,937 3,138 168 214 122 175442,647 552,786 600,3792,947 150 3,313 167 3,310 181
194Nov-14 993 3,591696,122 145 452,211 2,928 154 127 84 218510,416 637,138 545,4353,175 161 3,596 177 3,141 173
189Oct-14 1,041 3,545671,132 180 445,566 2,914 153 165 86 249404,115 536,072 503,2532,815 144 3,308 162 3,094 163
189Sep-14 1,035 3,546671,198 140 452,221 2,891 156 187 103 258410,118 563,502 491,9472,878 143 3,357 168 3,058 161
188Aug-14 1,095 3,533664,935 221 438,692 2,918 150 229 97 313444,543 653,461 474,2652,955 150 3,534 185 3,048 156
189Jul-14 1,064 3,510661,712 202 408,753 2,801 146 303 80 377413,571 522,936 475,9962,884 144 3,186 164 3,047 156
190Jun-14 1,040 3,542671,162 275 450,989 2,980 151 270 78 372454,579 633,012 501,0993,021 150 3,554 178 3,136 160
192May-14 984 3,542678,010 261 444,352 2,921 152 273 55 408464,795 719,752 548,7743,028 153 3,745 192 3,199 171
191Apr-14 896 3,577684,432 279 485,018 3,071 158 229 41 386439,920 845,579 522,1952,991 147 4,105 206 3,200 163
192Mar-14 832 3,577686,503 262 446,585 2,992 149 209 60 366433,917 708,024 489,7663,005 145 3,694 192 3,080 159
200Feb-14 695 3,693738,558 188 510,968 3,094 165 144 41 245441,023 617,564 528,7882,978 148 3,313 186 3,200 165
200Jan-14 681 3,699740,756 184 439,701 3,009 146 128 47 236417,778 846,908 628,3292,945 142 3,890 218 3,402 185
196Dec-13 637 3,668717,042 123 413,571 2,941 141 174 69 145417,356 720,545 507,7192,985 139 3,759 192 3,149 161
197Nov-13 669 3,666721,553 138 422,997 2,968 141 178 39 169413,108 1,056,635 525,8303,025 137 4,157 254 3,069 171
187Oct-13 757 3,608675,064 195 440,743 3,044 145 172 62 218459,044 503,632 507,3113,056 150 3,289 153 3,137 162
185Sep-13 767 3,588664,624 167 417,815 2,890 145 193 61 206395,956 648,553 512,3402,929 135 3,641 178 3,156 163
180Aug-13 846 3,534635,925 213 431,212 3,007 143 278 72 283411,555 582,224 454,7712,983 138 3,439 169 3,020 151
179Jul-13 873 3,569639,793 247 440,715 2,987 148 312 63 337448,792 641,120 501,0383,159 142 3,862 166 3,226 155
176Jun-13 864 3,557626,622 274 413,484 3,018 137 321 54 335421,217 711,432 431,5723,078 137 4,011 177 3,090 140
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
2 07/02/152 ofBrokerMetrics®
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

4. Months Supply of Inventory (UC Calculation)
Market Dynamics
Jun-13 through Jun-15
Referred Realty Group
Sublocations:
77.17
Price:HAR Bedrooms:Period:
Monthly %
MSI-UC
2 Years (Monthly)
107
3.22
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
Total % Change
Property Types:
KEY INFORMATION
All
All Lot Size:All
1.85
Monthly Change
0.08
Total Change
Sq Ft:
AllAll Bathrooms:MLS: AllConstruction Type:
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 1 of 2
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
07/02/15

5. Referred Realty GroupMarket Dynamics
Months Supply of Inventory (UC Calculation)
Jun-13 through Jun-15
Period NAR MSI # SoldMSI
# For Sale Last
Day of Month
# Under
Contract
Time
3.3Jun-15 240 2739013.8
3.9May-15 246 2329003.7
4.2Apr-15 257 2078633.4
3.7Mar-15 259 2107793.0
5.5Feb-15 203 1337333.6
5.6Jan-15 154 1277144.6
3.1Dec-14 149 2146684.5
6.0Nov-14 145 1277645.3
4.7Oct-14 180 1657754.3
4.2Sep-14 140 1877925.7
3.4Aug-14 221 2297773.5
2.6Jul-14 202 3037823.9
2.5Jun-14 275 2706872.5
2.4May-14 261 2736682.6
2.5Apr-14 279 2295762.1
2.4Mar-14 262 2095101.9
3.2Feb-14 188 1444662.5
3.5Jan-14 184 1284502.4
2.6Dec-13 123 1744453.6
2.8Nov-13 138 1784923.6
2.9Oct-13 195 1725002.6
2.8Sep-13 167 1935393.2
2.0Aug-13 213 2785612.6
1.8Jul-13 247 3125632.3
1.7Jun-13 274 3215362.0
2
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
07/02/15
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 2 of

6. Market Dynamics
Supply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 06/01/13 - 06/30/15
Referred Realty Group
Price:
2.96
All
All All
0.15
496.04
Property Types:
HAR
Under Contract
-1.86
For Sale
MLS: All
0.30
Bathrooms:
-0.80
20.67
Sold
All
3.567.27
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
71.13
Lot Size:Period:
-19.13
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
-44.75
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
1 ofBrokerMetrics® 2 07/02/15

7. Supply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 06/01/13 - 06/30/15
Market Dynamics Referred Realty Group
# Properties # PropertiesAverage DOM# Properties
SOLD
# Properties
FOR SALE
Average DOM Average DOM
UNDER CONTRACT
Average DOM
NEW LISTINGS
# Properties
EXPIRED
Time Period
83 420Jun-15 10340 17947 2732401,320
83 403May-15 8444 12040 2322461,266
81 451Apr-15 10345 11041 2072571,230
89 392Mar-15 11150 8751 2102591,125
96 299Feb-15 9964 7749 1332031,013
102 309Jan-15 10955 10958 127154977
114 175Dec-14 10155 12268 214149939
103 218Nov-14 9546 8449 127145993
93 249Oct-14 9342 8645 1651801,041
87 258Sep-14 9736 10343 1871401,035
78 313Aug-14 8835 9739 2292211,095
71 377Jul-14 6928 8034 3032021,064
68 372Jun-14 9727 7832 2702751,040
65 408May-14 10132 5525 273261984
66 386Apr-14 11534 4130 229279896
73 366Mar-14 11638 6030 209262832
85 245Feb-14 10543 4143 144188695
94 236Jan-14 15146 4744 128184681
112 145Dec-13 12943 6948 174123637
100 169Nov-13 12047 3937 178138669
91 218Oct-13 8836 6245 172195757
85 206Sep-13 8132 6135 193167767
74 283Aug-13 7627 7233 278213846
70 337Jul-13 10127 6331 312247873
71 335Jun-13 14328 5423 321274864
07/02/152
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
2 ofBrokerMetrics®
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

8. Market Dynamics
Supply & Demand - # Units (FS, UC, Sold)
Jun-14 through Jun-15
Referred Realty Group
Price:
1,320.0
All
All All
240.0
280.0
Property Types:
HAR
Under Contract
270.0
For Sale
MLS: All
275.0
Bathrooms:
273.0
1,040.0
Sold
All
-12.7-35.0
Construction Type:
# Units Change
Sq Ft:
Jun-14
2 Years (Monthly)
Sublocations:
All
26.9
Lot Size:Period:
1.1
Jun-15
Bedrooms:
KEY INFORMATION
Percent Change
3.0
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
1 ofBrokerMetrics® 2 07/02/15

9. Supply & Demand - # Units (FS, UC, Sold)
Jun-14 through Jun-15
Market Dynamics Referred Realty Group
# Properties # PropertiesAverage DOM# Properties
SOLD
# Properties
FOR SALE
Average DOM Average DOM
UNDER CONTRACT
Average DOM
NEW LISTINGS
# Properties
EXPIRED
Time Period
83 420Jun-15 10340 17947 2732401,320
83 403May-15 8444 12040 2322461,266
81 451Apr-15 10345 11041 2072571,230
89 392Mar-15 11150 8751 2102591,125
96 299Feb-15 9964 7749 1332031,013
102 309Jan-15 10955 10958 127154977
114 175Dec-14 10155 12268 214149939
103 218Nov-14 9546 8449 127145993
93 249Oct-14 9342 8645 1651801,041
87 258Sep-14 9736 10343 1871401,035
78 313Aug-14 8835 9739 2292211,095
71 377Jul-14 6928 8034 3032021,064
68 372Jun-14 9727 7832 2702751,040
07/02/152
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
2 ofBrokerMetrics®
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors