The table below shows weekly calculations of market conditions
for single-family dwellings* by price range in zip codes 77006 & 77098,
south of 59. The calculation compares the number of sales in the
previous 12 months with the number of active listings to determine the
current inventory of homes for sale. The amount of inventory on the
market (in months) determines the market condition, as shown below. Updates: WEDNESDAY
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
Museum/Rice Area Market Condition and
Current Inventory (in months) for price ranges with at least three sales in previous 12 months
OR six+ currently available properties
(Since this is a small
area, the criteria is reduced)