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

Thu Apr 26 2018
This week the median list price for The Colony, TX is $460,167 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 229. 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

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

Thu Apr 26 2018
This week the median list price for The Colony, TX is $460,167 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 229. 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

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 $460,167
Per Square Foot $153
Days on Market 75
Price Decreased 31%
Price Increased 12%
Relisted 4%
Inventory 229
Median House Rent $1,700
Most Expensive $13,029,000
Least Expensive $170,000
Market Action Index
Slight Seller's Advantage
37

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
$615,900 4,081 8,000 - 10,000 sqft 4 4 5 5 3 100
$499,990 3,298 6,500 - 8,000 sqft 4 3 2 4 6 84
$397,000 2,584 4,500 - 6,500 sqft 3 2 8 7 7 78
$259,950 1,958 6,500 - 8,000 sqft 3 2 33 17 11 39