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

Sat May 30 2020
This week the median list price for The Colony, TX is $469,450 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 140. Click here to stay informed with the The Colony market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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.

The Colony, TX

Sat May 30 2020
This week the median list price for The Colony, TX is $469,450 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 140. Click here to stay informed with the The Colony market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

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 The Colony market.
Median List Price $469,450
Per Square Foot $157
Days on Market 68
Price Decreased 34%
Price Increased 8%
Relisted 6%
Inventory 140
Median Rent $1,750
Most Expensive $1,699,990
Least Expensive $116,000
Market Action 44
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$685,000 4,057 0.25 - 0.5 acre 4 4 4 3 2 80
$499,900 3,174 4,500 - 6,500 sqft 4 3 4 5 6 65
$414,900 2,580 6,500 - 8,000 sqft 4 2 11 8 10 60
$249,900 1,711 6,500 - 8,000 sqft 3 2 41 4 9 65