Prudential Texas Properties Executive Summary

Monday February 18, 2013

SOUTHLAKE, TX 76092
Single Family Homes

This Week
The median list price in SOUTHLAKE, TX 76092 this week is $811,900. 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 $ 811,900 Asking Price Per Square Foot $ 166 Average Days on Market (DOM) 213 Percent of Properties with Price Decrease 33 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 13 % Median House Size (sq ft) 4911 Median Lot Size 0.50 - 1.0 acre Median Number of Bedrooms 5.0 Median Number of Bathrooms Market Action Index Seller's Advantage 4.5 30.6

Trend == ==

Supply and Demand

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

==

No change

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

Price
Market Action Index
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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 0.50 - 1.0 acre 0.50 - 1.0 acre

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

$ 1,874,000 $ 942,500 $ 720,000 $ 448,000

7380 5254 4370 3198

5.0 5.0 4.0 4.0

6.0 5.0 4.0 3.5

6 6 7 21

16 17 17 17

2 1 0 3

19 26 36 28

365 217 129 151

Prudential Texas Properties

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