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MCR

MARKET CONDITION
REPORT

PROSPER, TX
June-July 2015

PROSPER 13 MONTH MARKET HISTORY MEDIAN PRICE AND DEMAND (CLOSINGS)

$100

A-15

M-15

M-15

J-15

F-15

D-14

N-14

S-14

O-14

J-14

$0

TOTAL CLOSINGS EVALUATED


80
60

59

66

60

43

59 63

56
43
31

40

70

47
25 30

20

$0.81

0.1

3.8%

5.65

0.12 5.77 0.04%

M-15

$1,755

A-15

M-15

TREND
PER MONTH

$200

F-15

May-15

$300

J-15

Apr-15

-.52%
.62%
-.41%
.19%
.04%
-1.17%
1.95%
-1.68%
1.56%
-.03%
.97%
-.48%

$400

D-14

Mar-15

116
100
118
116
176
136
149
140
194
172
164
163
174

N-14

Feb-15

37
46
37
35
36
46
37
35
31
42
39
40
45

S-14

Jan-15

79
54
81
81
140
90
112
104
163
130
126
123
129

O-14

Dec-14

40%
63%
44%
40%
33%
25%
23%
19%
4%
17%
19%
14%
4%

MEDIAN CLOSE PRICE


$500

A-14

Oct-14
Nov-14

43
59
66
60
43
56
31
47
25
30
59
63
70

AVERAGE APPRECIATION
TOTAL TIME
RATE
TO SELL
(CHANGE
AND CLOSE
MONTH)

J-14

Sep-14

$115
$118
$120
$111
$121
$125
$118
$117
$115
$127
$125
$121
$130

AVERAGE
ESCROW
TIME

13 MONTH MEDIAN PRICE AND DEMAND HISTORY

A-14

Aug-14

$402,000
$377,000
$405,000
$385,000
$394,000
$395,750
$340,000
$419,553
$335,000
$397,553
$396,000
$442,000
$416,500

AVERAGE DAYS
ON THE
MARKET
CLOSED
LISTINGS

M-14

Jul-14

AVERAGE PRICE
PER SQFT

PERCENT OF
CLOSINGS
WITH DOM
LESS THAN 30
DAYS

J-14

Jun-14

MEDIAN CLOSE
PRICE

TOTAL
CLOSINGS
EVALUATED

GAIN/LOSS
OF RATE

TIME

J-14

May-14

DEMAND
(CLOSINGS)

M-14

DATE

PROSPER MEDIAN PRICE

Thousands

DATE

THE ANNUAL APPRECIATION RATE IN PROSPER BASED ON 13 MONTHS OF MARKET ACTIVITY IS 5.54% AND INCREASING.
PRESENT ACTIVITY BY PRICE RANGE FOR THE CITY OF PROSPER, TX (SFR ONLY)

PRICE
RANGE

ON MARKET
LISTED
(SUPPLY)

CLOSED
MONTH
(DEMAND)

(X-C-W)
FAIL
MONTH

PERCENT
SELLING

IN ESCROW

DAYS ON
MARKET
(CLOSED)

RATIO OF
SUPPLY TO
DEMAND

MEDIAN
ASK PRICE
(000)

MEDIAN
IN ESCROW
PRICE (000)

MEDIAN
CLOSE PRICE
(000)

$000,000-$100,000

.0

.0

0%

0.0

$0

$0

$0

$100,001-$200,001

2.5

.0

100%

108

0.4

$127

$170

$180

$200,001-$300,000

12

9.0

.5

95%

11

113

1.3

$263

$220

$280

$300,001-$400,000

18

16.5

1.5

92%

19

105

1.1

$377

$380

$358

$400,001-$500,000

53

20.0

6.0

77%

29

143

2.7

$479

$440

$451

$500,001-$600,000

55

11.0

4.5

71%

17

142

5.0

$549

$550

$546

$600,001-$700,000

21

4.0

2.0

67%

99

5.3

$650

$650

$649

$700,001-$800,000

4.0

.0

100%

10

197

2.3

$774

$768

$772

$800,001-$900,000

1.0

1.0

50%

48

0.0

$0

$900

$833

$900,001-$1,000,000

.0

.0

0%

0.0

$975

$975

$0

1,000,001+

1.0

.0

100%

73

7.0

$1,395

$0

$1,113

TOTALS

180

69

16

82%

104

127

2.6

$513

$450

$438

The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other things being
equal, the smaller this number, the tighter the market. Price ranges exhibiting a high number of sellers per buyer will be less likely to experience positive
price movements.
Red formatting in the sellers to buyers column signals a price range with a relatively high count of sellers to buyers (loose price range).
RATIO OF SELLERS TO BUYERS SCALE: 1-3 is a seller's market; 4-5 transitions to buyer's market; above 5 is a buyer's market.

Green formatting in the history box signals the best performing months for demand, 30 day entry into escrow, and days on the market.
The rate of appreciation is the speed of change in median price. This rate speeds up or slows down (negative red value) over time.

MCR TIP: The condition of the market depends upon the price range in which a property is competing. High relative seller/buyer ratios signal a more
competitive price range (RED FORMAT). Elevated levels of price competition can be expected in those segments. Low showing frequency and
extended DOM generally signal overpricing relative to current competition. Timely price adjustment to market price based on the level of agent
showings increases closing probability and reduces time on the market. To increase showings, the seller needs to eliminate active competition in his
price range by reducing price.
BELIEVED ACCURATE BUT NOT GUARANTEED