MARKET UPDATE Dan McCarver OFFICE | 281.218.8000 CELL | 281.793.4545 Dan@BayOaksOnline.com BayOaksOnline.com Q1 2 0 2 3 FEB
MARKET STATS
PRICE RANGE ACTIVE LISTINGS* PENDING UNDER CONTRACT CLOSED SALES MONTHS SUPPLY OF INVENTORY
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$400K - 500K $500K - 600K $600K - 700K $700K - 800K $800K - 900K $900K - 1M 2 1 1 0 1 0 0 0 1 0 0 1 0 2 0 0 0 0 4 0.6 1.1 N/A 2.4 N/A
B ay
aks a rea FEBRUARY 2023
*AS OF MARCH 6
Secondary Indicators Feb 2023 vs. Jan 2023 Chaille Ralph License #0314478 Better Homes and Gardens Gary Greene chaille@garygreene.com 713-906-3966 Jan 2023 Feb 2023 Change % Change Median List Price $850K $622K $-227K -26.8% Avg List Price $793K $649K $-144K -18.2% Median Sold Price $740K $548K $-192K -25.9% Avg Sold Price $740K $548K $-192K -25.9% SP/OP% 96.1% 93.8% -2.27 -2.4% Avg Sold DOM 24 35 11 45.8% Sold $ per SqFt $173 $132 $-41 -23.7% $850K $622K Median List Price $793K $649K Avg List Price $740K $548K Median Sold Price $740K $548K Avg Sold Price 96.12% 93.84% SP/OP% 24 35 Avg Sold DOM $173 $132 Sold $ per SqFt
Trends Feb 2023 vs. Jan 2023 # Units Chaille Ralph License #0314478 Better Homes and Gardens Gary Greene chaille@garygreene.com 713-906-3966 0 5 10 15 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Sold Listings 7 9 8 5 5 3 3 4 7 3 5 1 2 Under Contract 9 7 7 2 4 3 4 6 4 4 2 1 3 New Listings 7 5 11 2 8 5 4 4 3 5 1 2 4 For Sale 17 11 15 9 15 16 16 13 9 10 6 6 7 Off Market 2 0 1 0 0 1 3 1 0 1 0 2 0
Trends Feb 2023 vs. Jan 2023 $ Volume Chaille Ralph License #0314478 Better Homes and Gardens Gary Greene chaille@garygreene.com 713-906-3966 Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23 Sold Listings $4.1M $5.8M $5.4M $3.4M $3.3M $2.3M $2.3M $2.7M $5.1M $1.8M $4.4M $740K $1.1M Under Contract $5.9M $4.8M $4.5M $1.4M $3M $2.2M $2.9M $3.8M $4.5M $3M $1.3M $600K $2.2M New Listings $4.7M $3.6M $9M $1.3M $5.6M $3.1M $3M $2.2M $3M $4.1M $600K $1.1M $2.4M For Sale $13.5M $9.6M $13.7M $9.2M $13.4M $13.5M $13.7M $9.9M $8.3M $7.9M $4.5M $4.2M $4.8M Off Market $1.7M $0 $1.3M $0 $0 $635K $3.1M $774K $0 $1.1M $0 $1.3M $0 $0 $5M $10M Feb 22 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23 Feb 23
