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

Fri Nov 15 2019
This week the median list price for The Colony, TX is $434,500 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 178. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

The Colony, TX

Fri Nov 15 2019
This week the median list price for The Colony, TX is $434,500 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 178. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the The Colony market.
Median List Price $434,500
Per Square Foot $150
Days on Market 86
Price Decreased 60%
Price Increased 2%
Relisted 10%
Inventory 178
Median Rent $1,850
Most Expensive $1,999,900
Least Expensive $184,900
Market Action 41
Slight Seller's Advantage

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
$639,450 4,258 8,000 - 10,000 sqft 5 4 5 2 5 111
$479,950 3,204 4,500 - 6,500 sqft 4 3 3 2 11 92
$370,000 2,684 6,500 - 8,000 sqft 4 2 16 5 7 93
$244,000 1,651 6,500 - 8,000 sqft 3 2 39 4 9 49