2003 Market Watch Weekly Averages

The table below shows weekly calculations of market conditions for single-family* dwellings by price range in 19 zip codes. Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Zip codes: 77005, 77006, 77007, 77008, 77009, 77018, 77019, 77024, 77025, 77027, 77030, 77035, 77056, 77057, 77063, 77079, 77096, 77098, 77401

Buyer's market	Slightly soft market	Normal market	Slightly strong market	Seller's market
12+ months	11 months	9-10 months	8 months	< 8 months

Market Condition and Current Inventory (in months) for 19 Zip Codes in price ranges with at least ten sales in previous 12 months OR ten+ currently available properties
2003	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K
JAN 3	Buyer's 23	Buyer's 15	Normal 9	Normal 10	Seller's 7	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 6
JAN10	Buyer's 23	Buyer's 14	Normal 9	Normal 10	Seller's 7	Slightly Strong 8	Slightly Strong 8	Normal 9	Seller's 7	Seller's 5
JAN170	Buyer's 23	Buyer's 15	Normal 9	Normal 10	Slightly Strong 8	Normal 9	Slightly Strong 8	Normal 9	Seller's 7	Seller's 5
JAN24	Buyer's 24	Buyer's 14	Normal 10	Normal 10	Seller's 7	Normal 9	Normal 9	Normal 9	Seller's 7	Seller's 5
JAN31	Buyer's 24	Buyer's 14	Normal 10	Normal 10	Seller's 7	Normal 9	Normal 9	Normal 9	Seller's 7	Seller's 5
FEB 7	Buyer's 25	Buyer's 15	Normal 10	Normal 9	Seller's 7	Normal 9	Normal 10	Normal 9	Seller's 7	Seller's 5
FEB14	Buyer's 27	Buyer's 15	Slightly Soft 11	Normal Mk 9	Slightly Strong Mk 8	Slightly Strong Mk 8	Normal 10	Normal 9	Seller's 7	Seller's 5
FEB21	Buyer's 27	Buyer's 15	Slightly Soft 11	Normal Mk 9	Slightly Strong Mk 8	Seller's 7	Normal 10	Normal 9	Seller's 7	Seller's 5
FEB28	Buyer's 29	Buyer's 15	Normal 10	Normal 10	Seller's Mk 7	Seller's 7	Normal 10	Normal 9	Seller's 7	Seller's 5
MAR 7	Buyer's 31	Buyer's 16	Slightly Soft 11	Normal 9	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 7	Seller's 5
MAR14	Buyer's 31	Buyer's 16	Normal 10	Normal 9	Slightly Strong 8	Seller's 7	Normal 9	Normal 9	Seller's 7	Seller's 5
MAR21	Buyer's 30	Buyer's 16	Normal 9	Normal 9	Slightly Strong 8	Seller's 7	Slightly Strong 8	Normal 9	Seller's 7	Seller's 5
MAR28	Buyer's 32	Buyer's 17	Normal 9	Slightly Strong 8	Normal 9	Seller's 6	Normal 9	Normal 9	Seller's 6	Seller's 5
APR 4	Buyer's 32	Buyer's 18	Normal 10	Slightly Strong 8	Slightly Strong 8	Seller's 6	Normal 9	Normal 9	Seller's 6	Seller's 4
APR 11	Buyer's 35	Buyer's 18	Normal 10	Normal 9	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 5
APR 18	Buyer's 35	Buyer's 17	Normal 10	Normal 9	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 5
APR 25	Buyer's 34	Buyer's 18	Normal 10	Seller's 7	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 5
MAY 2	Buyer's 33	Buyer's 16	Slightly Soft 11	Seller's 7	Slightly Strong 8	Seller's 6	Normal 10	Normal 9	Seller's 6	Seller's 5
MAY 9	Buyer's 29	Buyer's 16	Normal 9	Seller's 7	Normal 9	Seller's 6	Normal 10	Normal 9	Seller's 6	Seller's 5
MAY 23	Buyer's 28	Buyer's 16	Normal 9	Seller's 7	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 5
MAY 30	Buyer's 29	Buyer's 16	Slightly Strong 8	Seller's 7	Normal 9	Seller's 7	Normal 9	Normal 9	Seller's 6	Seller's 5
JUN 6	Buyer's 28	Buyer's 17	Normal 9	Normal 9	Slightly Strong 8	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 5
JUN 13	Buyer's 29	Buyer's 17	Normal 9	Slightly Strong 8	Normal 9	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 4
JUN 20	Buyer's 25	Buyer's 17	Normal 9	Slightly Strong 8	Normal 9	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 5
JUN 27	Buyer's 25	Buyer's 16	Normal 9	Normal 9	Normal 9	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 5
JUL 11	Buyer's 24	Buyer's 16	Slightly Strong 8	Slightly Soft 11	Slightly Strong 8	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 5
JUL 18	Buyer's 25	Buyer's 15	Slightly Strong 8	Normal 10	Slightly Strong 8	Seller's 7	Normal 9	Normal 10	Seller's 6	Seller's 5
JUL 25	Buyer's 25	Buyer's 16	Slightly Strong 8	Slightly Strong 8	Normal 9	Slightly Strong 8	Normal 9	Normal 10	Seller's 7	Seller's 4
AUG 1	Buyer's 24	Buyer's 15	Slightly Strong 8	Slightly Strong 8	Normal 9	Slightly Strong 8	Normal 10	Normal 9	Seller's 7	Seller's 5
AUG 8	Buyer's 23	Buyer's 14	Slightly Strong 8	Slightly Strong 8	Normal 9	Seller's 7	Normal 9	Normal 9	Seller's 6	Seller's 5
AUG 15	Buyer's 22	Buyer's 13	Normal 9	Normal 10	Slightly Strong 8	Slightly Strong 8	Normal 9	Normal 9	Seller's 6	Seller's 4
AUG 22	Buyer's 23	Buyer's 14	Normal 9	Normal 10	Slightly Strong 8	Slightly Strong 8	Normal 10	Normal 9	Seller's 7	Seller's 4
AUG 29	Buyer's 20	Buyer's 13	Normal 9	Normal 9	Seller's 7	Normal 9	Normal 9	Normal 9	Seller's 6	Seller's 5
SEP 5	Buyer's 21	Buyer's 13	Slightly Strong 8	Normal 9	Slightly Strong 8	Normal 9	Normal 9	Normal 9	Seller's 6	Seller's 5
SEP 12	Buyer's 20	Buyer's 12	Slightly Strong 8	Normal 9	Slightly Strong 8	Slightly Strong 8	Normal 9	Normal 9	Seller's 6	Seller's 5
SEP 26	Buyer's 19	Slightly Soft 11	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Normal 9	Slightly Strong 8	Seller's 6	Seller's 5
OCT 3	Buyer's 19	Slightly Soft 11	Normal 9	Normal 8	Slightly Strong 8	Slightly Strong 8	Normal 9	Normal 9	Seller's 6	Seller's 5
OCT 10	Buyer's 20	Slightly Soft 11	Slightly Strong 8	Normal 10	Slightly Strong 8	Seller's 7	Normal 10	Normal 9	Seller's 6	Seller's 5
OCT 17	Buyer's 21	Slightly Soft 11	Slightly Strong 8	Normal 9	Normal 9	Slightly Strong 8	Normal 9	Normal 9	Seller's 6	Seller's 4
OCT 24	Buyer's 19	Slightly Soft 11	Slightly Strong 8	Buyer's 12	Normal 9	Slightly Strong 8	Normal 9	Slightly Strong 8	Seller's 6	Seller's 4
OCT 31	Buyer's 19	Slightly Soft 11	Slightly Strong 8	Buyer's 12	Normal 9	Seller's 7	Normal 9	Slightly Strong 8	Seller's 6	Seller's 5
NOV 7	Buyer's 19	Slightly Soft 11	Seller's 7	Normal 9	Normal 9	Seller's 7	Normal 9	Slightly Strong 8	Seller's 6	Seller's 4
NOV 14	Buyer's 21	Buyer's 12	Seller's 7	Slightly Strong 8	Normal 9	Seller's 7	Normal 9	Slightly Strong 8	Seller's 6	Seller's 5
NOV 21	Buyer's 20	Buyer's 12	Seller's 7	Normal 9	Slightly Strong 8	Slightly Strong 8	Normal 9	Slightly Strong 8	Seller's 5	Seller's 5
DEC 5	Buyer's 17	Slightly Soft 11	Seller's 7	Slightly Soft 11	Slightly Strong 8	Seller's 7	Normal 9	Slightly Strong 8	Seller's 5	Seller's 5
DEC 12	Buyer's 16	Buyer's 12	Seller's 7	Normal 10	Slightly Strong 8	Seller's 7	Slightly Strong 8	Slightly Strong 8	Seller's 5	Seller's 4
DEC 19	Buyer's 18	Buyer's 12	Seller's 6	Seller's 7	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Seller's 5	Seller's 4
-	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K

* This data does not include townhouses, condos, high-rises or lofts, but does include patio homes. DISCLAIMER: This information is compiled from the Houston Association of Realtors MLS database. It is considered generally reliable but not guaranteed.

Thanks to Ted C. Jones, Senior Vice President and Chief Economist for Stewart Title Guaranty Co. for providing the formula to determine market condition.