4. REAL ESTATE MARKET REPORT
SOUTHEAST MONTGOMERY COUNTY
Monday, June 4, 2012 Jim Slack and Kendra Lee
Broker: Prudential Gary Greene Realtors
info@therealtynation.com
832.304.3279
ABSORPTION RATE
MARKET SUMMARY TABLE 78 PENDING [2] 91 OFF-MARKET (last 6 mos) [3] (months of inventory)
A = Average Value
M = Median Value
N/A = Not Available
244 ACTIVE [1] 189 SOLD/CLOSED (last 6 months) [4]
Price Range Days Current Days Original Final Sold/ List-
Num Num Pend Num Num Est.
on List on List List Closed Sale
Low High # # Ratio # # Mos.
Market Price Market Price Price Price Ratio
A 79 $ 34,837 A 55 $ 42,647 $ 38,781 $ 35,145 91%
$0 $49,999 10 3 23% 4 19 3.2
M 60 $ 38,500 M 34 $ 39,900 $ 39,900 $ 35,425 89%
A 120 $ 82,376 A 70 $ 84,972 $ 77,755 $ 74,505 96%
$50,000 $99,999 29 15 34% 11 29 6
M 90 $ 82,900 M 71 $ 82,000 $ 77,900 $ 74,500 96%
A 115 $ 126,582 A 73 $ 135,308 $ 131,392 $ 125,086 95%
$100,000 $149,999 41 12 23% 18 32 7.7
M 90 $ 125,000 M 39 $ 134,800 $ 129,800 $ 125,000 96%
A 87 $ 176,348 A 127 $ 191,547 $ 181,429 $ 175,460 97%
$150,000 $199,999 48 15 24% 20 45 6.4
M 59 $ 176,220 M 99 $ 189,700 $ 185,362 $ 177,900 96%
A 72 $ 225,826 A 82 $ 245,224 $ 236,453 $ 223,930 95%
$200,000 $249,999 38 11 22% 16 30 7.6
M 57 $ 225,475 M 52 $ 239,381 $ 236,881 $ 226,250 96%
A 106 $ 275,344 A 156 $ 314,093 $ 289,096 $ 274,563 95%
$250,000 $299,999 33 10 23% 8 17 11.6
M 67 $ 279,000 M 52 $ 299,900 $ 270,237 $ 267,000 99%
A 113 $ 329,154 A 85 $ 358,735 $ 327,579 $ 314,556 96%
$300,000 $349,999 14 7 33% 3 9 9.3
M 51 $ 334,000 M 57 $ 364,900 $ 315,000 $ 310,000 98%
A 91 $ 380,616 A 61 $ 404,046 $ 404,046 $ 381,600 94%
$350,000 $399,999 10 0 3 5 12
M 79 $ 381,250 M 33 $ 399,000 $ 399,000 $ 389,000 97%
A 88 $ 431,389 A 87 $ 439,500 $ 437,000 $ 428,000 98%
$400,000 $449,999 9 1 10% 2 2 27
M 66 $ 429,900 M 87 $ 439,500 $ 437,000 $ 428,000 98%
A 196 $ 487,098 A 1257 $ 524,900 $ 524,900 $ 490,900 94%
$450,000 $499,999 4 2 33% 4 1 24
M 105 $ 489,450 M 1257 $ 524,900 $ 524,900 $ 490,900 94%
A 187 $ 525,000
$500,000 $549,999 2 1 33% 1 0
M 187 $ 525,000
$550,000 $599,999 0 1 N/A 0 0
A 51 $ 607,500
$600,000 $649,999 2 0 0 0
M 51 $ 607,500
A 897 $ 674,900
$650,000 $699,999 1 0 0 0
M 897 $ 674,900
A 336 $ 1,236,967
$700,000 + 3 0 1 0
M 129 $ 950,900
Market Totals 244 78 24% 91 189 7.7
Market Averages 106 $ 225,228 99 $ 188,217 $ 178,498 $ 170,361 95%
Market Medians 69 $ 196,245 61 $ 179,900 $ 169,900 $ 163,000 96%
Date Range (Off-Market & Sold) = 12/05/2011 to 06/04/2012
Favors Sellers Favors Buyers
Data believed to be accurate but not guaranteed.
Status = [1] act; [2] op, pend, PSHO; [3] exp; [4] closd
ZipCode = 77365, 77357
PropType = RES
Real Market Reports 3 Market Summary Table
RealMarketReports.com
5. REAL ESTATE MARKET REPORT
SOUTHEAST MONTGOMERY COUNTY
Monday, June 4, 2012 Jim Slack and Kendra Lee
Broker: Prudential Gary Greene Realtors
info@therealtynation.com
832.304.3279
1. PROPERTIES FOR SALE (ACTIVE)
a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.
b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.
c. Current List Price: The price that a property seller is currently asking.
2. CONTRACTS PENDING
a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.
b. Pending Ratio: Sometimes called a “list-to-pending ratio”. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.
Pending Ratio = P (Number of Pending Listings)
A+P (Number of Active + Pending)
(P) represents properties that buyers have chosen
(A+P) represents the entire pool from which they have chosen
3. OFF-MARKET
a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to re-offer their property for sale.
4. PROPERTIES SOLD (CLOSED CONTRACT)
a. Number Sold: The number of properties that have gone to a closing in the last 6 months.
b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.
c. Original List Price: The price at which a sold property was originally marketed.
d. Final List Price: The price at which a sold property was marketed just prior to selling.
e. Sold/Closed Price: The price for which a property sold.
f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.
List to Sales Ratio = Sold Price
Final List Price
5. ABSORPTION RATE / MONTHS OF INVENTORY
a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.
Real Market Reports 4 Glossary
RealMarketReports.com