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

Tue Feb 19 2019
This week the median list price for The Colony, TX is $442,500 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 180. 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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Feb 19 2019
This week the median list price for The Colony, TX is $442,500 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 180. 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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $442,500
Per Square Foot $151
Days on Market 88
Price Decreased 40%
Price Increased 7%
Relisted 9%
Inventory 180
Median House Rent $1,850
Most Expensive $2,099,000
Least Expensive $179,900
Market Action Index
Slight Seller's Advantage
36

The market is 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
$669,900 4,056 0.25 - 0.5 acre 5 4 3 8 5 96
$485,490 3,122 6,500 - 8,000 sqft 4 3 2 3 2 113
$399,990 2,534 4,500 - 6,500 sqft 4 3 10 11 4 59
$245,900 1,762 6,500 - 8,000 sqft 3 2 36 3 7 85