Select Houston Neighborhoods - Market Watch Summary

The table below shows market conditions for single-family properties by price range in 19 of Houston's most popular zip codes. Months inventory estimates the number of months it will take to deplete current active inventory based on the prior twelve months sales activity.

Weekly Summaries: 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | Combined

In addition to current inventory calculations, I have developed other ways to track market conditions:

1. MLS ACTIVITY ANALYSIS tracks the percent of MLS activity each week which consists of price reductions. Updates each Friday.

2. FORECLOSURE ANALYSIS tracks the percent of MLS listings each week which consists of foreclosures. Updates each Friday.

3. THE AVERAGE OF THE ZIP CODE WEIGHTED AVERAGES tracks the changing inventory of homes for sale. Updates each Friday.

4. MOTIVATED SELLER ANALYSIS tracks the percent of sellers described as "motivated" by their listing agents. Updates on the 1st.

5. SALES ANALYSIS tracks number of sales each month beginning in 2005. Updates on the 10th.

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

Single-Family Market Condition and Current Inventory (in months) in 19 Zip Codes 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 Last update: Monday, February 8
Click on zip code for weekly updates	>$2M	$1M- $1.9M	$800- $999K	$700- $799K	$600- $699K	$500- $599K	$400- $499K	$300- $399K	$200- $299K	$100- $199K	Zip Code Weighted AVG
AREA 9 77008 Heights, Timbergrove+	-	-	Buyer's 14	Buyer's 17**	Slightly Soft 11	Normal 10	Seller's 6	Seller's 7	Seller's 4	Seller's 6	Seller's 6
77009 Woodland Hghts, Norhill+	-	-	-	-	-	Slightly Strong 8	Normal 10	Seller's 3	Seller's 4	Normal 10	Seller's 6
77018 Garden Oaks, Oak Forest+	-	-	-	-	Buyer's 15	Normal 10	Slightly Soft 8	Seller's 6	Seller's 4	Seller's 3	Seller's 4
AREA 16 77006 Avondale, Museum Dist+	-	-	-	-	Seller's 5	Buyer's 15**	Buyer's 14	Seller's 4	Seller's 3	-	Seller's 6
77098 Montrose, Upper Kirby+	-	-	-	-	-	Buyer's 14	Buyer's 12	Seller's 6	-	-	Slightly Strong 8
77007 Memorial Pk, Rice Military+	-	Buyer's 16	-	-	Slightly Strong 8	Seller's 5	Normal 10	Seller's 5	Slightly Soft 11	Buyer's 19**	Slightly Strong 8
77019 Riv Oaks, Hyde Pk, 4th Ward+	Buyer's 23	Slightly Soft 11	Buyer's 22**	Seller's 6	Buyer's 33**	Buyer's 15**	Slightly Strong 8	Seller's 6	Seller's 1	-	Buyer's 12
77027 Afton Oaks, Royden Oaks+	Buyer's 26	Buyer's 19	Seller's 3	Seller's 5	Buyer's 14	Seller's 6	Buyer's 17**	Buyer's 20**	-	-	Buyer's 14**
AREA 17 77005 Southampton, West U, SSide,	Buyer's 33**	Normal 9	Slightly Strong 8	Seller's 3	Seller's 4	Seller's 5	Seller's 7	Slightly Soft 11	-	-	Seller's 7
77006, 77098 Blvd Oaks, Broadacres+	-	Buyer's 33	Normal 9	-	-	Seller's 7	Seller's 5	Seller's 4	-	-	Slightly Soft 11
77030 Southgate, Braeswood+	-	Buyer's 66**	Seller's 2	Seller's 2	Seller's 7	Slightly Soft 11	Seller's 3	-	-	-	Normal 9
77025 Braes Hghts, Linkwood+	-	Buyer's 13	Normal 9	Slightly Soft 11	Slightly Strong 8	Seller's 4	Seller's 7	Seller's 5	Seller's 4	-	Seller's 6
77401 Bellaire	-	Buyer's 12	Slightly Strong 8	Seller's 6	Seller's 2	Seller's 5	Slightly Strong 8	Slightly Strong 8	Buyer's 13**	-	Slightly Strong 8
AREA 20 77096 Meyerland, Maplewood+	-	-	-	-	Seller's 2	Seller's 5	Seller's 7	Seller's 6	Seller's 3	Seller's 2	Seller's 4
77035 Westbury, Willow Mdws+	-	-	-	-	-	-	-	Seller's 5	Seller's 3	Seller's 3	Seller's 3
AREA 22 77056 Tanglewood, Galleria+	Buyer's 27	Normal 10	Buyer's 12	Slightly Strong 8	Seller's 4	Buyer's 12	Buyer's 12	Seller's 5	-	-	Normal 10
77057 Briargrove, Westhaven+	-	Buyer's 12	Normal 9	Seller's 4	Seller's 4	Normal 9	Seller's 6	Buyer's 14	Seller's 2	-	Seller's 7
77063 Woodlake, Briarmeadow+	-	-	-	-	-	-	Seller's 2	Seller's 4	Slightly Strong 8	Seller's 7	Seller's 6
AREA 23 77024 Memorial	Buyer's 13	Slightly Strong 8	Seller's 7	Slightly Strong 8	Seller's 5	Seller's 6	Seller's 7	Seller's 5	-	-	Slightly Strong 8
77079 Energy Corr, Fleetwood+	-	Seller's 5	Normal 10	-	Seller's 7	Seller's 5	Seller's 3	Seller's 3	Seller's 4	Seller's 0	Seller's 4
Historic Average	Buyer's 24	Buyer's 18	Normal 9	Seller's 7	Normal 9	Normal 9	Slightly Strong 8	Seller's 7	Seller's 5	Seller's 7	Avg of Zip Code Weighted Averages
-	>$2M	$1M- $1.9M	$800- $999K	$700- $799K	$600- $699K	$500- $599K	$400- $499K	$300- $399K	$200- $299K	$100- $199K	-

NOTE: In some zip codes multiple patio home units are under construction and available in the lower price range, thereby inflating the inventory from its customary levels.

** Most favorable zip code for buyers in price range

This data does not include townhouses, condos, high-rises or lofts, but does include patio homes (a detached single-family dwelling on a small lot).
DISCLAIMER: Compiled from the Houston Association of Realtors MLS database; considered 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.