Market Report | Fort Bend | October 2023 | Arlene Novak

Q3 OCT

2 0 2 3

MARKET U P D AT E ARLENE NOVAK

REALTOR® 281.684.0207 anovak@garygreene.com GaryGreene.com

Fort Bend County MARKET STATS OCTOBER 2023

PRICE RANGE

ACTIVE LISTINGS* PENDING UNDER CONTRACT

CLOSED SALES

MONTHS SUPPLY OF INVENTORY

Below $200

14

7

12

1.1

$200K-300K

192

101

105

1.4

$300K-400K

729

244

256

2.4

$400K - 500K

330

93

105

2.8

$500K - 600K

432

121

106

3.4

$600K - 700K

262

72

72

3

$700K - 800K

178

52

37

3.2

$800K - 900K

114

32

21

2.7

$900K - 1M

46

7

21

3.8

$1M - 1.5M

83

14

24

4.1

$1.5M - 2M

31

1

5

5.3

$2M+

33

3

1

21.9

*AS OF OCTOBER 31

Secondary Indicators October 2023 vs. October 2022 $404,900 $388,245

Median List Price

$472,543

$399,000 $380,000

$461,001 $425,275

Median Sold Price

Avg Sold Price

97.80%

97.84%

37

37

$165.22 $168.77

$435,441

Avg List Price

Oct-23

Oct-22

SP/OP%

Avg Sold DOM

Sold $ Per SF

Trends October 2022 - October 2023 # Units 5000 4000 3000 2000 1000 0

Oct '22

Nov '22

Dec '22

Jan '23

Feb '23

Mar '23

Sold Listings

Apr '23

May '23

Under Contract

Jun '23 For Sale

July '23

Aug '23

Sept '23

Oct '23

Trends October 2022 - October 2023 $ Volume

Billions

$2

$1

$0

Oct '22

Nov '22

Dec '22

Jan '23

Feb '23

Mar '23

Sold Listings

Apr '23 Under Contract

May '23

June '23

For Sale

Jul '23

Aug '23

Sept '23

Oct '23

2022 HOUSTON METR OP OLITAN MARKET FACTS! With gratitude and appreciation, we thank our customers for their support in 2022!

• Celebrating our 60TH year in Houston Residential Real Estate – and another successful year!

• Over 3,900 sellers SOLD their home through the advice and counsel of a BHGRE Gary Greene agent.

• Over 4,000 buyers selected a BHGRE Gary Greene agent for assistance in finding and buying a home.

• BHGRE Gary Greene agents worked together to close over 7,975 homes in 2022!

• BHGRE Gary Greene agents closed over $1.4 BILLION listings!

• BHGRE Gary Greene agents closed over $1.3 BILLION properties.

• BHGRE Gary Greene closed over $2.7 BILLION in residential sales.

More consumers have trusted an agent from BHGRE Gary Greene to buy or sell a home than any other company in Houston’s history since 1963!