Ken Oenbrink - NTX Property Watch Report

Carrollton, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Carrollton, TX

Tue Feb 19 2019
This week the median list price for Carrollton, TX is $399,769 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has held steady at or around 190. Click here to stay informed with the Carrollton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Carrollton, TX

Tue Feb 19 2019
This week the median list price for Carrollton, TX is $399,769 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has held steady at or around 190. Click here to stay informed with the Carrollton market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Carrollton market.
Median List Price $399,769
Per Square Foot $152
Days on Market 70
Price Decreased 42%
Price Increased 6%
Relisted 5%
Inventory 190
Median House Rent $1,895
Most Expensive $799,900
Least Expensive $156,200
Market Action Index
Slight Seller's Advantage
44

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$549,900 3,494 6,500 - 8,000 sqft 4 3 3 7 2 78
$432,975 2,535 0 - 4,500 sqft 4 3 1 3 3 86
$337,388 2,434 8,000 - 10,000 sqft 4 2 33 14 7 68
$254,950 1,776 6,500 - 8,000 sqft 3 2 41 12 11 49