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

Memorial Area Market Condition and Current Inventory (in months) in price ranges with at least five sales in previous 12 months OR ten+ currently available properties
2005	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG
JAN 7	12.46	7.61	3.58	5.00	3.20	3.20	2.09	4.09	4.29	-	4.88
JAN14	13.33	7.77	3.64	5.76	3.20	3.20	1.83	3.75	4.29	-	4.97
JAN21	12.00	8.74	3.76	4.80	2.90	3.00	2.04	3.06	4.71	-	4.96
JAN28	11.56	9.31	3.58	3.84	3.72	2.73	2.30	3.06	4.97	-	4.96
FEB 4	11.56	10.03	3.22	3.50	4.14	2.23	2.81	3.20	3.72	-	4.98
FEB11	10.76	10.57	3.53	3.50	4.29	3.07	3.32	3.39	4.14	-	5.32
FEB18	11.59	10.09	3.40	4.50	3.86	2.51	3.50	3.20	4.00	-	5.27
FEB25	11.17	10.24	3.82	5.00	3.43	2.86	3.06	3.43	4.15	-	5.39
MAR 4	10.76	10.09	3.64	5.28	3.31	4.09	4.70	3.39	4.89	-	5.67
MAR11	11.57	10.26	4.24	4.80	4.14	3.27	4.09	3.32	4.71	-	5.69
MAR18	11.59	9.97	3.83	5.28	4.97	3.00	4.19	3.57	4.71	-	5.70
MAR25	12.41	10.31	3.65	6.72	5.57	2.45	4.00	3.83	3.86	-	5.81
APR 1	13.71	11.31	4.06	4.70	3.60	1.67	4.64	3.32	3.56	-	5.73
APR 8	14.14	11.14	3.76	5.22	4.00	1.43	4.17	3.06	3.56	-	5.68
APR15	14.07	11.00	4.06	5.74	4.97	1.46	4.00	4.60	2.22	-	5.97
APR22	14.14	10.56	4.13	4.50	5.14	1.95	3.65	5.48	2.22	-	5.95
APR29	13.71	10.40	3.75	4.62	4.80	2.67	4.53	5.22	2.07	-	5.91
MAY 6	12.41	10.60	3.94	4.14	4.26	3.35	4.09	5.60	2.32	-	5.92
MAY13	14.14	11.21	3.69	4.44	4.13	3.00	4.09	4.80	2.40	-	5.98
MAY20	17.33	10.72	3.82	3.36	4.26	2.87	4.57	5.07	2.07	-	6.09
MAY27	18.22	10.56	3.35	4.50	5.81	3.00	4.36	5.45	2.07	-	6.28
JUN 3	18.67	11.19	3.51	4.50	4.94	2.40	3.91	5.43	3.86	-	6.39
JUN10	18.22	11.23	3.94	5.74	5.14	2.81	4.43	5.58	3.86	-	6.69
JUN17	18.46	12.66	4.62	6.29	3.64	2.67	4.34	5.02	4.44	-	6.88
JUN24	17.57	12.81	3.88	6.29	3.27	2.35	4.60	5.27	3.69	-	6.74
JUL 1	17.57	12.66	4.38	5.45	2.82	3.07	4.34	4.80	4.32	-	6.78
JUL 8	18.92	12.65	4.19	3.50	2.67	2.73	3.67	4.57	2.77	-	6.34
JUL15	18.46	12.99	3.93	4.80	2.92	2.13	4.65	4.00	3.11	-	6.40
JUL22	20.50	13.50	3.74	4.32	3.16	2.18	5.36	4.70	3.11	-	6.69
JUL29	20.16	12.33	3.74	4.15	3.16	2.13	5.22	4.91	2.67	-	6.45
AUG 5	18.00	12.16	3.54	2.80	3.69	1.30	4.70	4.27	2.40	-	5.97
AUG12	19.38	10.94	3.40	2.32	3.69	0.78	4.74	5.02	1.60	-	5.77
AUG19	21.00	10.67	3.25	2.25	4.00	1.00	5.14	5.02	1.55	-	5.80
AUG26	21.91	10.83	3.54	1.82	4.00	1.64	4.47	3.83	1.82	-	5.75
SEP 2	22.43	10.14	3.10	2.18	3.69	1.67	5.27	2.93	2.32	-	5.66
SEP 9	22.00	10.45	3.15	2.18	4.00	1.67	5.40	3.00	1.55	-	5.73
SEP16	23.00	10.25	3.54	2.06	4.00	1.09	5.85	2.20	1.55	-	5.69
SEP30	21.12	10.52	3.79	2.40	4.42	1.33	5.58	2.25	1.50	-	5.80
OCT 7	23.48	9.49	4.50	2.40	3.38	1.12	5.60	2.30	1.45	-	5.65
OCT14	24.00	9.71	4.50	2.40	3.69	1.67	5.60	2.04	1.50	-	5.78
OCT21	23.00	9.73	4.58	3.43	3.60	1.67	4.91	2.30	1.20	-	5.82
OCT28	23.48	9.60	4.58	2.40	3.90	2.05	4.64	3.25	1.24	-	5.87
NOV 4	22.50	9.44	4.89	2.55	2.77	2.70	4.96	2.94	0.83	-	5.81
NOV11	24.52	8.93	4.80	2.12	2.84	2.77	4.70	3.50	0.83	-	5.79
NOV18	22.96	9.14	4.80	2.82	2.46	2.92	4.17	3.50	0.86	-	5.73
NOV25	22.00	9.24	5.08	2.47	2.10	3.67	3.32	3.25	0.86	-	5.64
DEC 2	19.50	9.63	5.08	2.74	1.40	3.67	3.32	3.06	0.86	-	5.46
DEC16	19.20	9.79	4.71	1.67	2.00	4.00	3.32	2.55	0.89	-	5.44
DEC23	18.72	9.41	4.71	2.00	2.05	4.13	2.55	1.96	0.92	-	5.23
DEC30	18.72	8.87	5.04	2.00	2.34	3.87	2.55	1.92	0.46	-	5.16
-	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG

* 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.