Prudential Texas Properties Executive Summary

Monday February 18, 2013

KELLER, TX 76248
Single Family Homes

This Week
The median list price in KELLER, TX 76248 this week is $329,900. 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 $ 329,900 Asking Price Per Square Foot $ 104 Average Days on Market (DOM) 161 Percent of Properties with Price Decrease 28 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 4% Median House Size (sq ft) 3098 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0 Median Number of Bathrooms Market Action Index Seller's Advantage 3.0 32.4

Trend +

Supply and Demand

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.

==

No change

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

Price
Market Action Index
In the last few weeks we've seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
0.50 - 1.0 acre 0.25 - 0.50 acre 8,001 10,000 sqft 8,001 10,000 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

$ 632,000 $ 381,058 $ 289,900 $ 204,950

5037 3523 2820 2096

5.0 4.0 4.0 3.5

4.5 3.5 3.0 2.0

8 6 14 22

21 21 21 22

6 5 3 5

29 26 30 27

230 109 198 110

Prudential Texas Properties

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC