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Twelve Months 2016 Market Report for Far West - MLS Area 25
Twelve Months 2016 Market Report for Far West - MLS Area 25 I always prefer to examine year-to-date data throughout any given year and look at year to year comparisons for discovering market trends as I think there is too much volatility on a given month to month basis to make any good conclusions in this areas. My primary market is South Katy or MLS area 36. This Report covers MLS Area 25 of Far West/ North Katy. I am also interested in MLS area 37 Fort Bend West; MLS 29 Fort Bend-Sugar Land and Stafford plus a few others in Cypress TX.
Twelve months YTD 2016 versus Twelve months months YTD 2015 for MLS area 25 or Far West/North Katy comparison shows some interesting trends which probably will continue into 2017.
Units sold in 2016 have increased from 3,661 in 2015 to 3,976 during 2016 which is equates to a 8.6 % increase and this trend existed for most if not all of 2016. At the same time Average prices increased by approximately 4 % from approx $222,300 to $ 231,200 during 2016. Median prices also increased in 2016 by Approx. 6 % from $184,000 in 2015 to $$195,000 in ... more
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