- Housing supply and demand in the Houston area was analyzed from March 2014 to March 2016. During this period, the number of properties for sale decreased by 38%, while the number of properties sold decreased by 27.9%. The number of properties under contract increased slightly by 3.9%. - The average sales price per square foot for single-family homes increased over the period. The average price per square foot for homes sold rose 5.61% and for homes for sale rose 10.62%. - The months supply of inventory, which measures how long it would take to deplete existing for sale inventory based on the current sales rate, increased from 6.13 months to 147.22 months over the period analyzed.

1. March 2016
Our take on “How’s the market?”
photo courtesy of Brent Pullan Photography
@ReferredRealty www.ReferredRealtyGroup.com(281)210-0029

2. Market Dynamics
Supply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 03/01/14 - 03/31/16
Referred Realty Group
Price:
1.63
All
All All
-1.63
371.23
Property Types:
HAR
Under Contract
-3.96
For Sale
MLS: All
-3.96
Bathrooms:
-1.63
15.47
Sold
All
-39.14-95.06
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
39.03
Lot Size:Period:
-39.07
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
-94.94
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2016 - 2017 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 04/11/16

3. Supply & Demand - # Units (FS, UC, Sold)
2 Years (Monthly) 03/01/14 - 03/31/16
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 359Mar-16 13262 13351 1721861,185
105 339Feb-16 11261 14265 1111771,145
116 274Jan-16 12063 18964 1041221,117
125 181Dec-15 11855 22172 1591091,173
112 206Nov-15 9657 11255 1171281,232
105 327Oct-15 11562 18761 1631571,370
105 323Sep-15 12143 17953 1711671,389
101 306Aug-15 11641 15741 2411491,372
90 413Jul-15 9246 11240 2412361,414
90 423Jun-15 10643 15147 2912221,374
89 402May-15 9243 10041 2332431,294
87 451Apr-15 10645 10441 2072571,253
95 392Mar-15 11650 8150 2102581,141
101 299Feb-15 10264 7449 1332031,026
108 308Jan-15 11055 10558 127154986
119 175Dec-14 10055 11968 214149946
107 217Nov-14 9646 8249 127145998
98 248Oct-14 9442 8445 1651801,045
91 257Sep-14 9736 10243 1871401,039
82 313Aug-14 8535 9639 2292211,099
74 376Jul-14 6628 7934 3032021,067
71 371Jun-14 9427 7632 2702751,042
68 408May-14 10132 5525 273261987
69 386Apr-14 11534 4130 229279899
76 366Mar-14 11738 5930 209262834
04/11/162
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
2 ofBrokerMetrics®
© 2016 - 2017 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

4. Market Dynamics
Average $/SQFT (FS, Sold)
2 Years (Monthly) 03/01/14 - 03/31/16
Referred Realty Group
Price:
0.23
All
All All
0.16
10.62
Property Types:
HAR
Sold $/SQFT
For Sale $/SQFT
MLS: All
0.23
Bathrooms:
0.44
All
3.735.55
Construction Type:
Total Change
Sq Ft:
Monthly Change
2 Years (Monthly)
Sublocations:
All
5.61
Lot Size:Period:
Monthly %
Bedrooms:
KEY INFORMATION
Total % Change
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
04/11/16BrokerMetrics®
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2016 - 2017 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

5. Average $/SQFT (FS, Sold)
2 Years (Monthly) 03/01/14 - 03/31/16
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
199Mar-16 1,185 3,679731,204 186 444,780 2,911 153 172 133 359415,453 666,884 582,9462,846 146 3,616 184 3,345 174
201Feb-16 1,145 3,655733,930 177 493,315 2,934 168 111 142 339404,762 674,885 620,5502,763 146 3,575 190 3,411 182
200Jan-16 1,117 3,625724,888 122 460,134 2,909 158 104 189 274478,814 653,865 590,3012,984 160 3,519 186 3,302 179
200Dec-15 1,173 3,631725,458 109 542,674 3,062 177 159 221 181505,979 650,917 607,3953,141 161 3,538 184 3,169 192
195Nov-15 1,232 3,608703,954 128 407,705 2,841 143 117 112 206398,091 661,266 503,3132,775 143 3,525 188 3,128 161
194Oct-15 1,370 3,573691,491 157 508,167 3,037 167 163 187 327462,944 555,998 505,0323,020 153 3,301 168 3,135 161
198Sep-15 1,389 3,624717,481 167 434,757 2,871 151 171 179 323442,019 792,064 608,2102,967 149 3,825 207 3,360 181
195Aug-15 1,372 3,601701,691 149 455,454 2,960 154 241 157 306435,178 603,363 542,7842,869 152 3,507 172 3,152 172
191Jul-15 1,414 3,569683,037 236 441,114 2,918 151 241 112 413518,493 581,098 490,7733,252 159 3,414 170 3,094 159
198Jun-15 1,374 3,642720,418 222 517,558 3,101 167 291 151 423554,075 740,608 585,4943,248 171 3,620 205 3,299 177
196May-15 1,294 3,633711,237 243 492,797 3,052 161 233 100 402478,273 584,001 530,8233,107 154 3,516 166 3,187 167
198Apr-15 1,253 3,691729,982 257 544,376 3,228 169 207 104 451467,674 652,049 630,2433,000 156 3,609 181 3,418 184
198Mar-15 1,141 3,689731,733 258 550,013 3,153 174 210 81 392405,888 772,544 628,1532,832 143 3,848 201 3,413 184
198Feb-15 1,026 3,660726,262 203 453,817 2,935 155 133 74 299437,539 869,575 564,1103,009 145 3,898 223 3,287 172
198Jan-15 986 3,654724,851 154 453,844 3,015 151 127 105 308526,636 650,816 572,2843,167 166 3,488 187 3,295 174
197Dec-14 946 3,640718,016 149 526,937 3,138 168 214 119 175442,647 523,446 600,4992,947 150 3,261 161 3,310 181
193Nov-14 998 3,592693,739 145 452,211 2,928 154 127 82 217510,416 641,764 543,2033,175 161 3,612 178 3,136 173
189Oct-14 1,045 3,549669,737 180 445,566 2,914 153 165 84 248404,115 538,062 503,1702,815 144 3,331 162 3,097 162
189Sep-14 1,039 3,546668,134 140 452,221 2,891 156 187 102 257410,118 546,968 489,4422,878 143 3,321 165 3,058 160
187Aug-14 1,099 3,532661,730 221 438,692 2,918 150 229 96 313444,543 644,643 472,0102,955 150 3,519 183 3,046 155
188Jul-14 1,067 3,509659,278 202 408,753 2,801 146 303 79 376413,571 523,798 473,7432,884 144 3,182 165 3,042 156
189Jun-14 1,042 3,536667,400 275 450,989 2,980 151 270 76 371454,579 606,394 499,7363,021 150 3,480 174 3,132 160
191May-14 987 3,538674,358 261 444,352 2,921 152 273 55 408464,795 719,752 548,2893,028 153 3,745 192 3,199 171
191Apr-14 899 3,572680,621 279 485,018 3,071 158 229 41 386439,920 845,579 520,6022,991 147 4,105 206 3,200 163
191Mar-14 834 3,572683,553 262 446,585 2,992 149 209 59 366433,917 714,448 489,7663,005 145 3,701 193 3,081 159
© 2016 - 2017 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 04/11/162 ofBrokerMetrics®
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

6. Market Dynamics
Supply & Demand - # Units (FS, UC, Sold)
Mar-15 through Mar-16
Referred Realty Group
Price:
1,185.0
All
All All
186.0
44.0
Property Types:
HAR
Under Contract
210.0
For Sale
MLS: All
258.0
Bathrooms:
172.0
1,141.0
Sold
All
-27.9-72.0
Construction Type:
# Units Change
Sq Ft:
Mar-15
2 Years (Monthly)
Sublocations:
All
3.9
Lot Size:Period:
-18.1
Mar-16
Bedrooms:
KEY INFORMATION
Percent Change
-38.0
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
107
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
© 2016 - 2017 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 04/11/16

7. Supply & Demand - # Units (FS, UC, Sold)
Mar-15 through Mar-16
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 359Mar-16 13262 13351 1721861,185
105 339Feb-16 11261 14265 1111771,145
116 274Jan-16 12063 18964 1041221,117
125 181Dec-15 11855 22172 1591091,173
112 206Nov-15 9657 11255 1171281,232
105 327Oct-15 11562 18761 1631571,370
105 323Sep-15 12143 17953 1711671,389
101 306Aug-15 11641 15741 2411491,372
90 413Jul-15 9246 11240 2412361,414
90 423Jun-15 10643 15147 2912221,374
89 402May-15 9243 10041 2332431,294
87 451Apr-15 10645 10441 2072571,253
95 392Mar-15 11650 8150 2102581,141
04/11/162
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
2 ofBrokerMetrics®
© 2016 - 2017 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. Months Supply of Inventory (UC Calculation)
Market Dynamics
Mar-14 through Mar-16
Referred Realty Group
Sublocations:
147.22
Price:HAR Bedrooms:Period:
Monthly %
MSI-UC
2 Years (Monthly)
107
6.13
Single-Family: (Free Standing, Manufactured, Patio Home, Duplex, Historic)
Total % Change
Property Types:
KEY INFORMATION
All
All Lot Size:All
3.92
Monthly Change
0.16
Total Change
Sq Ft:
AllAll Bathrooms:MLS: AllConstruction Type:
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 1 of 2
© 2016 - 2017 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
04/11/16

9. Referred Realty GroupMarket Dynamics
Months Supply of Inventory (UC Calculation)
Mar-14 through Mar-16
Period NAR MSI # SoldMSI
# For Sale Last
Day of Month
# Under
Contract
Time
5.0Mar-16 186 1728664.7
7.4Feb-16 177 1118264.7
7.8Jan-16 122 1048066.6
5.3Dec-15 109 1598437.7
8.5Nov-15 128 1179927.8
6.3Oct-15 157 1631,0266.5
6.1Sep-15 167 1711,0436.2
4.4Aug-15 149 2411,0667.2
4.4Jul-15 236 2411,0664.5
3.4Jun-15 222 2911,0014.5
4.1May-15 243 2339513.9
4.3Apr-15 257 2078923.5
3.8Mar-15 258 2108023.1
5.6Feb-15 203 1337493.7
5.7Jan-15 154 1277274.7
3.2Dec-14 149 2146784.6
6.1Nov-14 145 1277715.3
4.7Oct-14 180 1657814.3
4.3Sep-14 140 1877975.7
3.4Aug-14 221 2297823.5
2.6Jul-14 202 3037863.9
2.6Jun-14 275 2706912.5
2.5May-14 261 2736712.6
2.5Apr-14 279 2295792.1
2.5Mar-14 262 2095132.0
2
© 2016 - 2017 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
04/11/16
Information not guaranteed. © 2006 - 2016 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
BrokerMetrics® 2 of