- Housing market trends in the Houston area from January 2013 to January 2015 are analyzed using data on average home prices, inventory levels, and number of homes sold, listed, and under contract each month. - The average price per square foot for homes sold increased 23.45% over the two year period while inventory levels, measured by months of supply, declined from 3.6 to 5.4 months. - The number of homes listed on the market decreased 43.6% from January 2013 to January 2015 while the number of homes sold declined 30.63% and homes under contract dropped 76.94% over the same period.

1. January 2015
Our take on “How’s the market?”
photo courtesy of Brent Pullan Photography
@ReferredRealty www.ReferredRealtyGroup.com(281)210-0029

2. Market Dynamics
Average $/SQFT (FS, Sold)
2 Years (Monthly) 01/01/13 - 01/31/15
Referred Realty Group
Price:
0.55
All
All All
0.91
23.45
Property Types:
HAR
Sold $/SQFT
For Sale $/SQFT
MLS: All
1.17
Bathrooms:
0.98
All
21.8128.11
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
13.29
Lot Size:Period:
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
02/04/15BrokerMetrics®
Information not guaranteed. © 2015 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2015 - 2016 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors
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For Sale Sold
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15
0
20
40
60
80
100
120
140
160
180
200
220
240$/SQFT

3. Average $/SQFT (FS, Sold)
2 Years (Monthly) 01/01/13 - 01/31/15
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
203Jan-15 945 3,652741,378 169 461,044 3,037 152 120 128 308540,067 600,969 586,2093,203 169 3,356 179 3,296 178
201Dec-14 921 3,631728,980 151 521,970 3,114 168 214 133 176442,647 545,286 610,2802,947 150 3,296 165 3,300 185
195Nov-14 983 3,585700,524 146 454,118 2,932 155 127 92 219510,416 634,050 548,5643,175 161 3,608 175 3,145 174
191Oct-14 1,040 3,532672,746 181 444,677 2,911 153 165 95 249404,115 533,573 505,4572,815 144 3,283 163 3,089 164
190Sep-14 1,035 3,535671,935 140 452,221 2,891 156 187 104 258410,118 561,006 492,5732,878 143 3,355 168 3,058 161
189Aug-14 1,098 3,523665,299 221 438,692 2,918 150 229 100 314444,543 651,787 479,1812,955 150 3,536 184 3,044 157
189Jul-14 1,066 3,501660,824 202 408,753 2,801 146 303 80 378413,571 522,936 475,8512,884 144 3,186 164 3,046 156
190Jun-14 1,042 3,535671,208 275 450,989 2,980 151 270 79 379454,579 643,164 501,6543,021 150 3,579 180 3,132 160
192May-14 983 3,537678,078 262 443,301 2,918 152 273 58 409464,795 709,196 548,9963,028 153 3,720 191 3,198 172
192Apr-14 894 3,573684,563 279 485,018 3,071 158 229 41 386439,920 845,579 524,7602,991 147 4,105 206 3,200 164
192Mar-14 832 3,575685,924 262 446,585 2,992 149 209 62 367433,917 713,570 489,6183,005 145 3,721 192 3,081 159
200Feb-14 694 3,691738,301 188 510,968 3,094 165 144 41 245441,023 617,564 529,2982,978 148 3,313 186 3,200 165
200Jan-14 681 3,699740,474 184 439,701 3,009 146 128 48 236417,778 846,972 628,9992,945 142 3,917 216 3,402 185
195Dec-13 637 3,668716,493 123 413,571 2,941 141 174 69 145417,356 720,545 508,1342,985 139 3,759 192 3,149 161
197Nov-13 669 3,666720,940 138 422,997 2,968 141 178 39 169413,108 1,056,635 525,7713,025 137 4,157 254 3,070 171
187Oct-13 757 3,608674,536 195 440,743 3,044 145 172 62 218459,044 503,632 505,4763,056 150 3,289 153 3,137 161
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
176May-13 910 3,565627,785 342 459,202 3,147 146 307 39 380420,169 446,463 449,1153,038 138 3,338 134 3,081 146
178Apr-13 868 3,616645,114 290 457,908 3,110 147 234 48 380393,727 553,028 517,9963,023 130 3,393 163 3,279 158
175Mar-13 803 3,598631,115 263 410,517 3,030 136 214 52 344378,182 686,518 456,2812,956 128 3,850 178 3,166 144
178Feb-13 713 3,647649,559 224 391,498 3,007 130 172 30 242353,727 853,851 490,4832,909 122 4,231 202 3,229 152
174Jan-13 720 3,621629,189 185 380,287 2,973 128 131 64 245387,824 597,253 473,2952,981 130 3,717 161 3,248 146
© 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 02/04/152 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
2 Years (Monthly) 01/01/13 - 01/31/15
Referred Realty Group
Sublocations:
149.71
Price:HAR Bedrooms:Period:
Monthly %
MSI-UC
2 Years (Monthly)
107
6.24
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
Total % Change
Property Types:
KEY INFORMATION
All
All Lot Size:All
2.54
Monthly Change
0.11
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
02/04/15
MSI-UC Avg DOM
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
Months
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
Days

5. Referred Realty GroupMarket Dynamics
Months Supply of Inventory (UC Calculation)
2 Years (Monthly) 01/01/13 - 01/31/15
Period NAR MSI # SoldMSI
# For Sale Last
Day of Month
# Under
Contract
Time
5.4Jan-15 169 1206483.8
3.0Dec-14 151 2146374.2
5.9Nov-14 146 1277455.1
4.6Oct-14 181 1657644.2
4.2Sep-14 140 1877915.7
3.4Aug-14 221 2297773.5
2.6Jul-14 202 3037843.9
2.5Jun-14 275 2706882.5
2.4May-14 262 2736632.5
2.5Apr-14 279 2295742.1
2.4Mar-14 262 2095081.9
3.2Feb-14 188 1444652.5
3.5Jan-14 184 1284492.4
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
1.7May-13 342 3075291.5
2.3Apr-13 290 2345301.8
2.3Mar-13 263 2144881.9
2.7Feb-13 224 1724592.0
3.6Jan-13 185 1314712.5
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
02/04/15
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) 01/01/13 - 01/31/15
Referred Realty Group
Price:
1.55
All
All All
-1.28
271.92
Property Types:
HAR
Under Contract
-1.82
For Sale
MLS: All
-3.21
Bathrooms:
-0.78
11.33
Sold
All
-30.63-76.94
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
37.25
Lot Size:Period:
-18.70
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
-43.60
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 02/04/15
For Sale Under Contract Sold
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15
0
100
200
300
400
500
600
700
800
900
1000
1100
1200
1300#Units

7. Supply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 01/01/13 - 01/31/15
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
99 308Jan-15 10156 12860 120169945
112 176Dec-14 9755 13367 214151921
101 219Nov-14 9346 9250 127146983
92 249Oct-14 9242 9546 1651811,040
86 258Sep-14 9636 10443 1871401,035
77 314Aug-14 8635 10039 2292211,098
70 378Jul-14 6928 8034 3032021,066
67 379Jun-14 9827 7932 2702751,042
64 409May-14 10032 5825 273262983
65 386Apr-14 11534 4130 229279894
73 367Mar-14 11338 6230 209262832
85 245Feb-14 10543 4143 144188694
94 236Jan-14 15046 4844 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
67 380May-13 10432 3928 307342910
71 380Apr-13 14138 4835 234290868
79 344Mar-13 14145 5231 214263803
92 242Feb-13 20654 3045 172224713
100 245Jan-13 12565 6457 131185720
02/04/152
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