2004 Market Watch-Zip 77024

The table below shows weekly calculations of market conditions for single-family* dwellings by price range in zip code 77024. 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. Updates: FRIDAY

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

*Months inventory of single-family homes for sale in price ranges with at least FIVE SALES in previous 12 months**
2004	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG
JAN 2	24.00	7.14	3.85	3.84	2.74	4.60	4.15	3.71	4.17	1.50	5.24
JAN 9	26.57	7.36	4.15	3.84	3.00	5.22	3.92	3.71	5.22	1.50	5.55
JAN16	28.29	7.32	4.22	3.84	3.00	4.34	4.38	4.29	4.70	1.50	5.62
JAN23	30.86	7.38	4.53	3.36	2.53	4.85	4.85	4.00	4.36	0.00	5.73
JAN30	27.20	7.02	4.58	2.88	1.89	4.17	4.24	4.00	4.36	0.00	5.34
FEB 6	27.20	7.52	5.14	3.36	2.84	4.34	4.47	3.63	4.57	0.00	5.67
FEB13	28.00	7.66	5.36	3.69	3.08	4.60	4.71	3.91	4.00	0.00	5.86
FEB20	26.40	7.90	5.36	3.84	2.46	4.50	3.60	4.74	3.82	0.00	5.72
FEB27	26.40	7.61	4.97	4.00	2.53	4.25	3.23	5.07	3.50	0.00	5.54
MAR 5	25.50	7.61	5.40	4.32	2.92	3.83	3.00	4.70	3.50	1.50	5.59
MAR12	26.25	7.26	5.38	3.84	2.67	4.17	3.23	4.53	3.65	1.71	5.58
MAR19	23.29	7.26	5.17	4.32	2.92	4.70	3.46	4.17	3.13	1.71	5.54
MAR26	24.00	8.77	4.68	3.84	2.92	3.91	3.85	4.91	4.70	0.00	5.88
APR 2	24.71	8.92	4.68	3.23	2.59	4.19	3.71	5.60	4.36	0.00	5.97
APR 9	24.71	8.77	4.80	3.69	2.84	4.19	4.58	6.00	5.71	-	6.25
APR16	24.00	9.44	4.38	2.77	3.08	4.39	3.93	6.27	5.71	-	6.17
APR23	23.25	9.19	4.72	2.77	2.15	3.80	4.36	4.96	5.14	-	5.91
APR30	22.50	9.47	4.19	2.77	1.50	5.19	4.00	6.00	4.57	-	5.95
MAY 7	21.88	9.32	4.40	3.84	0.90	5.54	3.71	5.87	5.40	-	6.02
MAY14	24.00	9.44	4.00	4.00	0.95	5.23	3.05	6.78	6.00	-	6.11
MAY21	22.00	8.21	5.00	2.90	1.58	5.68	3.00	7.20	4.42	-	5.95
MAY28	23.33	8.80	5.11	2.48	1.58	5.10	3.11	6.78	4.42	-	6.03
JUN 4	20.84	9.21	4.60	2.40	2.00	4.42	3.06	6.00	3.82	-	5.79
JUN11	17.71	9.17	5.11	3.20	2.33	5.19	4.56	6.89	3.82	-	6.26
JUN18	19.58	8.46	4.52	3.43	2.27	5.19	4.32	7.64	4.70	-	6.21
JUN25	22.00	7.95	4.95	3.00	2.53	5.00	4.24	7.40	5.00	-	6.20
JUL 2	20.21	7.50	4.30	3.00	1.95	5.37	3.69	6.48	4.80	-	5.73
JUL 9	20.84	7.65	3.58	3.56	1.89	5.05	4.30	6.78	4.62	-	5.76
JUL16	18.60	7.38	3.83	4.15	1.67	5.23	3.60	7.47	4.00	-	5.66
JUL23	18.00	7.50	3.88	4.62	3.00	4.00	3.00	6.78	4.71	-	5.68
SEP 3	16.00	8.15	3.33	4.32	4.50	3.47	1.92	6.26	4.62	-	5.49
SEP10	16.50	7.75	3.12	5.28	4.88	3.24	1.88	5.74	5.08	-	5.44
SEP17	15.50	8.05	3.17	5.28	4.65	4.00	2.40	6.00	6.78	-	5.70
SEP24	14.50	7.48	3.26	5.08	5.03	3.24	2.35	5.36	6.50	-	5.40
OCT 1	14.50	7.29	3.38	6.00	5.42	3.16	2.25	4.50	6.50	-	5.37
OCT 8	15.84	7.69	3.72	6.72	4.80	3.00	2.20	4.08	4.32	-	5.37
OCT15	14.77	7.29	3.77	6.50	5.20	3.30	2.94	4.56	5.28	-	5.53
OCT22	15.23	7.95	3.77	5.50	4.40	4.00	2.88	4.56	4.00	-	5.33
OCT29	14.31	7.74	4.00	6.50	4.71	4.00	2.50	5.14	3.56	-	5.56
NOV 5	14.22	7.38	3.88	5.54	4.44	3.30	3.06	5.14	3.11	-	5.38
NOV12	13.29	7.52	3.71	7.00	4.29	3.51	2.81	5.04	2.57	-	5.34
NOV19	12.86	7.42	3.71	7.30	4.55	3.14	2.55	5.25	2.57	-	5.28
NOV26	13.78	7.01	3.60	6.55	4.97	3.35	2.55	4.96	3.11	-	5.23
DEC 3	14.22	6.38	3.83	5.45	4.14	3.35	2.55	4.96	4.44	-	5.15
DEC10	13.78	6.75	3.94	4.91	4.80	3.71	2.04	4.60	4.00	-	5.14
DEC17	12.89	7.36	4.17	5.22	4.40	3.20	2.50	4.34	4.71	-	5.20
DEC24	13.88	7.33	3.69	4.80	3.60	3.00	2.25	5.07	4.55	-	5.06
DEC31	12.92	8.00	3.64	5.00	3.48	3.00	1.83	4.96	4.71	-	5.08
-	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG

* Not including townhouses, condos, high-rises or lofts, but may 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.