Ken Oenbrink - NTX Property Watch Report

The Colony, TX

Single-Family Homes

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



The Colony, TX

Mon Jun 17 2019
This week the median list price for The Colony, TX is $464,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 187. Click here to stay informed with the The Colony 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

The Colony, TX

Mon Jun 17 2019
This week the median list price for The Colony, TX is $464,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 187. Click here to stay informed with the The Colony 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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the The Colony market.
Median List Price $464,000
Per Square Foot $149
Days on Market 80
Price Decreased 44%
Price Increased 3%
Relisted 5%
Inventory 187
Median House Rent $1,740
Most Expensive $1,299,990
Least Expensive $179,900
Market Action Index
Strong Seller's Market
49

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$670,000 4,274 8,000 - 10,000 sqft 4 4 4 3 4 116
$494,900 3,259 6,500 - 8,000 sqft 4 3 2 4 2 100
$415,000 2,780 4,500 - 6,500 sqft 4 2 9 5 7 62
$255,000 1,886 6,500 - 8,000 sqft 3 2 36 14 16 45