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 twelve months sales activity. Updates: EVERY OTHER FRIDAY

2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 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

Memorial Area (77024) Market Conditions and Current Inventory (in months) for price ranges with at least five sales in previous 12 months OR 10+ currently available properties and at least one sale in previous 12 months
2011	>$2M	$1M-$1.99M	$800-$999K	$700-$799K	$600-$699K	$500-$599K	$400-$499K	$300-$399K	$200-$299K	$100-$199K	Weighted AVG
JAN 7	16.00	5.20	4.44	2.48	2.91	4.17	2.71	1.89	-	-	5.29
JAN 21	15.77	5.10	4.93	3.00	2.82	4.36	4.00	1.80	-	-	5.43
FEB 4	14.21	5.39	4.84	2.14	3.77	2.88	4.29	2.40	-	-	5.40
FEB 18	15.24	5.45	4.42	3.31	4.00	4.15	3.86	3.43	-	-	5.64
MAR 4	16.22	6.90	5.29	3.20	4.54	3.36	3.60	2.53	-	-	6.27
MAR 18	16.86	6.98	5.20	3.20	4.46	3.69	3.00	2.67	-	-	6.31
APR 1	17.83	6.86	4.97	2.63	3.43	4.15	4.14	1.89	-	-	6.21
APR 15	18.17	7.43	4.14	1.94	3.33	4.32	4.14	1.20	-	-	6.19
APR 29	16.86	7.31	3.31	2.25	3.33	4.44	3.87	1.20	-	-	5.91
MAY 13	17.84	7.12	3.86	3.48	3.43	3.56	2.80	1.71	-	-	6.05
MAY 27	19.54	6.63	3.25	4.26	4.36	4.44	2.07	2.29	-	-	6.12
JUN 10	19.89	7.56	3.05	4.00	4.73	4.00	2.00	3.53	-	-	6.48
JUN 24	20.23	7.66	2.90	2.80	4.88	4.00	2.40	3.00	-	-	6.41
JUL 8	17.33	7.64	3.14	2.07	4.50	5.78	1.50	4.00	-	-	6.17
JUL 22	16.74	6.93	3.62	2.32	3.75	5.54	1.45	4.00	-	-	5.97
AUG 5	16.40	6.61	4.13	2.00	4.00	5.08	1.41	3.20	-	-	5.90
AUG 19	16.29	6.87	4.92	1.60	3.60	4.15	1.13	3.00	-	-	6.03
SEP 2	15.80	6.19	4.47	1.60	2.40	4.29	0.39	1.50	-	-	5.45
SEP 16	15.35	6.45	4.97	2.00	3.31	4.40	0.77	1.60	-	-	5.78
SEP 30	14.18	6.55	3.93	3.86	2.40	4.00	0.38	1.85	-	-	5.56
OCT 14	13.33	6.40	3.00	4.44	1.20	4.00	0.38	0.86	-	-	5.16
OCT 28	12.26	6.40	3.05	4.00	2.14	4.80	0.36	1.71	-	-	5.20
NOV 11	13.64	5.95	2.80	3.86	2.57	4.14	1.45	1.85	-	-	5.22
NOV 25	14.29	5.63	2.90	3.56	1.94	4.00	0.71	3.00	-	-	5.02
DEC 9	12.52	4.74	2.60	2.77	1.50	3.31	1.03	2.00	-	-	4.37
DEC 23	12.78	4.31	2.14	3.23	1.82	3.20	0.73	2.40	-	-	4.27

* 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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Judy Thompson
Strictly a Buyer's Agent
West U Real Estate LLC
1919A Harold St.
Houston, TX 77098
Telephone: (713) 522-4953
E-mail: judythompson@att.net

All information is deemed reliable but not guaranteed and should be independently verified.

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