Cypress Housing Market Real Estate Statistics
This post is number five of a 90 day series on the Houston housing market real estate statistics for active listing data. Below you will find charts plotted with real-time Cypress housing market active listing numbers. The graphs in this post will update every seven days and are plotted with the following Cypress real estate market statistics: average days on market, median price, total active listing inventory and a market activity index that was developed by Altos Research.
Cypress Median Home Price
The graph above is made up of a 12 month moving average of the median list price of homes being actively marketed. The chart in the image above should not be used as an indicator of actual home values, but rather as an indicator of the direction home prices may be moving. Another important point is that in the Houston real estate market, it is very common to have a spike in the median price of a home during the summer months. This is because of the large number of older established families that enter the market place while school is out. This being the case it is better to watch what is happening on each end of the graph to not whether pricing is trending upwards or downwards.
Cypress Housing Market Active Listing Inventory
The chart above shows a plot of the real-time total active listing inventory for the Cypress housing market. The graph uses raw inventory data rather than an absorption rate or months of inventory calculation. Therefore, it only provides information on how many listings are actively being marketed for sale in the Cypress real estate market place.
The above Houston housing market graph is a real-time plot of the average days on market of active listings in the Cypress real estate market. The data in the graph should not be used as indicator of the average time it takes to sell a home in the Cypress housing market, but rather as an indicator of the direction the time on market is moving. This is because the chart uses active listing data and not sold data. Utilizing only active listing data causes the days on market to be skewed above the actual time on market for sold homes because it includes overpriced listings and the listings of unmotivated sellers.
Cypress Real Estate Market Activity Index
The chart above is a real-time 12 month moving average of an activity index that was developed by Altos Research for the Cypress housing market. This activity index is intended to be an indicator of whether a market is a buyer’s market or seller’s market. In the Houston metro area, a value of 20 or greater should be deemed a seller’s market, where home sellers have an upper hand when it comes to negotiating price and terms of a purchase and sale contract. A value of less than 20 is considered to indicate a buyer’s market, where home buyers have an advantage in negotiations.
December 17th, 2009 at 6:38 am
The Median Home Price and Average Days on Market graphs seem to follow the same path. How can this be interpreted? Is a longer time to sell causing people to drop their prices, resulting in a lower median price, or is a lower median price making homes more attractive to buyers, causing the days on market to fall?
December 19th, 2009 at 5:29 am
I really do not think one has a strong causation over the other. What you are witnessing in the graphs is our normal annual market cycle. We tend to see the median price spike during the selling season and fall during the winter to then rise again in the spring. We also tend to see a large drop in the number of homes sold during the winter month thereby causing those listings that are not pulled from the market to have longer days on market.