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The table below shows weekly calculations of market conditions for single-family* dwellings by price range in zip code 77018. 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: MONDAY

2005 | 2004 | '04-'06 Combined

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

 


Garden Oaks Area (77018) Market Conditions and Current Inventory (in months)
for price ranges with at least five sales in previous 12 months OR ten+ currently available properties
2006 $1M-$1.99M $800-$999K $700-$799K $600-$699K $500-$599K $400-$499K $300-$399K $200-$299K $100-$199K Weighted
AVG
JAN 2 - - - - - - 9.23 4.25 3.26 3.75
JAN 9 - - - - - - 7.38 4.63 3.46 3.92
JAN16 - - - - - - 7.38 4.45 3.48 3.89
JAN23 - - - - - - 6.46 4.45 3.07 3.58
JAN30 - - - - - - 5.60 4.08 3.29 3.60
FEB 6 - - - - - - 5.60 3.84 3.16 3.44
FEB13 - - - - - - 5.60 3.96 2.70 3.16
FEB20 - - - - - 14.40 8.25 4.16 2.47 3.32
FEB27 - - - - - 14.40 8.25 4.16 2.45 3.30
MAR 6 - - - - - 14.40 6.00 3.41 2.52 3.07
MAR13 - - - - - 12.00 4.80 3.50 2.42 2.96
MAR20 - - - - - 10.00 6.00 3.92 2.41 3.08
MAR27 - - - - - 8.00 6.00 3.92 2.59 3.18
APR 3 - - - - - 8.00 6.00 3.68 2.67 3.17
APR10 - - - - - 6.00 6.00 3.65 2.94 3.31
APR24 - - - - - 5.14 7.20 3.66 2.89 3.32
APR24 - - - - - 5.14 7.20 3.66 2.89 3.32
MAY 1 - - - - - 6.00 13.60 4.37 2.55 3.55
MAY 8 - - - - - 6.00 13.60 4.42 2.50 3.51
MAY15 - - - - - 8.00 12.80 4.19 2.45 3.43
MAY22 - - - - - 8.00 12.80 4.19 2.44 3.42
MAY29 - - - - - 9.33 11.20 4.32 2.55 3.49
JUN 5 - - - - - 6.00 8.47 4.44 2.49 3.31
JUN12 - - - - - 6.67 10.59 4.19 2.23 3.18
JUN19 - - - - - 6.67 11.29 4.93 2.44 3.56
JUN26 - - - - - 6.67 10.74 5.31 2.15 3.46
JUL 3 - - - - - 5.33 10.74 5.65 2.11 3.48
JUL10 - - - - - 5.33 10.11 5.59 2.21 3.51
JUL17 - - - - - 6.67 10.74 5.71 2.41 3.74
JUL24 - - - - - 6.00 9.14 5.57 2.44 3.63
SEP 4 - - - - - 6.55 4.89 4.80 2.57 3.39
SEP11 - - - - - 6.55 5.33 4.69 2.40 3.28
SEP18 - - - - - 6.55 4.71 4.78 2.35 3.23
SEP25 - - - - - 6.55 5.33 5.36 2.35 3.40
OCT 2 - - - - - 7.64 5.28 5.41 2.38 3.44
OCT 9 - - - - - 7.00 4.32 5.65 2.20 3.32
OCT16 - - - - - 6.00 3.84 5.48 2.22 3.22
OCT23 - - - - - 4.62 4.00 5.37 2.43 3.33
OCT30 - - - - - 5.00 4.36 5.37 2.42 3.34
NOV 6 - - - - - 7.00 6.26 4.86 2.33 3.34
NOV13 - - - - - 9.82 8.00 5.08 2.49 3.66
NOV20 - - - - - 12.00 8.87 4.99 2.19 3.53
NOV27 - - - - - 12.00 9.39 4.97 2.38 3.70
DEC 4 - - - - - 12.00 9.39 4.74 2.57 3.78
DEC11 - - - - - 13.09 8.87 4.42 2.57 3.69
DEC18 - - - - - 13.09 8.50 4.38 2.53 3.66
DEC25 - - - - - 14.18 6.50 4.00 2.51 3.45
- $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.


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