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

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

The Colony, TX

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the The Colony market.
Median List Price $456,000
Per Square Foot $150
Days on Market 73
Price Decreased 52%
Price Increased 4%
Relisted 7%
Inventory 212
Median House Rent $1,850
Most Expensive $1,299,990
Least Expensive $180,000
Market Action Index
Slight Seller's Advantage
42

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
$624,900 4,166 8,000 - 10,000 sqft 4 4 4 18 3 88
$489,999 3,300 6,500 - 8,000 sqft 4 3 3 13 5 73
$399,900 2,735 6,500 - 8,000 sqft 4 2 9 13 6 82
$249,900 1,711 6,500 - 8,000 sqft 3 2 36 7 10 50