Prudential Texas Properties Executive Summary

Monday February 18, 2013

ARGYLE, TX
Single Family Homes

This Week
The median list price in ARGYLE, TX this week is $379,900. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Real-Time Market Profile Median List Price $ 379,900 Asking Price Per Square Foot $ 112 Average Days on Market (DOM) 173 Percent of Properties with Price Decrease 25 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 15 % Median House Size (sq ft) 3453 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Seller's Advantage 3.5 31.4

Trend ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

==

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Price
Again this week we see a downward notch for prices. Prices continue to pull back from the market's highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Action Index

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

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.

Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
1.0 - 2.5 acres 0.50 - 1.0 acre 6,501 8,000 sqft 6,501 8,000 sqft

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 717,374 $ 454,000 $ 329,000 $ 220,000

4741 4073 3217 2221

4.0 5.0 4.0 4.0

4.5 4.0 3.0 2.0

4 5 5 8

14 15 15 15

3 1 0 3

32 27 27 27

231 217 122 127

Prudential Texas Properties

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