Sugarland Housing Market
This is the second post of a 90 day series detailing the different market areas that make up the Houston housing market. Today’s post will focus on the Sugarland housing market giving real-time listing data for the following real estate statistics: Sugarland market activity index, Sugarland average days on market, Sugarland total active listing inventory, and the Sugarland median list price. The charts shown below will update every seven days, giving you the most up-to-date information about the Sugarland real estate market.
Sugarland Real Time Median list Price
The chart above will update every seven days and is a plot of the 12 month moving average for the Sugarland median list price. It is important to note that it is the norm for the Houston metro housing market to have a spike in the median list price and median home sale price during the summer months. This is due to more established families entering into transactions while the school session is out. The more established families tend to have larger incomes and assets leading to their purchasing higher priced homes.
Real Time Sugarland Listing Inventory
The chart above is a real-time 12 month snapshot of the Sugarland housing inventory of active listings. It will update every 7 days. This chart represents the Sugarland housing inventory showing the total number of active listings on the market, rather than using an absorption or months of inventory statistical dataset
Sugarland Average Days On Market For Active Listings
The chart above is a 12 month moving average of the average days on market for Sugarland active listings. This chart updates every seven days in real-time. The statistical data in the above chart should be used as an indicator of the trend in days on market for Sugarland, rather than an indicator of the actual average time it takes to sell a home in the Sugarland housing market. This is because the graph above does not utilize sold data, and so the Sugarland days on market are skewed by overpriced homes and real estate listings of unmotivated sellers.
Sugarland Market Activity Index
The chart above is one year market snapshot of an index developed by Altos Research used to determine whether it is a buyer’s market or seller’s market. A value of 20 or more in the Houston area would be considered a seller’s market, which is defined as a market where sellers have an advantage in contract negotiations. Anything less than 20 represents a market in which buyer’s have the upper hand in negotiating price and contract terms.
All the charts above will be updated every seven days, so if you would like to follow the activity in the Sugarland suburb just bookmark this page. We maybe rolling out a more detailed set of real estate statistics for the local housing market for each zip code, but this depends largely on how well accepted this data is by readers of this blog. If you find this data useful and would like to see it expanded to include all the Houston housing market’s zip codes, please drop us a line at james.wheelock@ERA.com or give me a call at 281-979-0793. Thanks, and we hope it helps you make better decisions as you wade through this volatile time in the national market place.
