Select Houston Neighborhoods - Market Watch Summary

MarketWatch 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.

Market Condition Weekly Summaries: 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | Combined

In addition to current inventory calculations below, 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 every other Friday.

2. Foreclosure Analysis - tracks the percent of MLS listings each week which consists of foreclosures. Updates every other Friday.

3. Average of the Zip Code Weighted Averages - tracks the changing inventory of homes for sale. Updates every other Friday.

4. Sales Analysis - tracks number of sales each month. 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: Friday, January 27
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 22**	Seller's 3	Seller's 6	Seller's 5	Seller's 7**	Seller's 5	Seller's 4	Seller's 5	Seller's 5
77009 Woodland Hghts, Norhill+	-	-	-	-	Seller's 7	Seller's 5	Seller's 4	Seller's 2	Seller's 5	Slightly Strong 8	Seller's 5
77018 Garden Oaks, Oak Forest+	-	-	-	-	Buyer's 13	Normal 10	Seller's 4	Seller's 4	Seller's 3	Seller's 2	Seller's 4
AREA 16 77006 Avondale, Museum Dist+	-	Seller's 7	Seller's 4	-	Buyer's 14	Buyer's 14**	Seller's 6	Seller's 4	Seller's 7	Seller's 0	Seller's 6
77098 Montrose, Upper Kirby+	-	Buyer's 12	-	-	-	Buyer's 14**	Seller's 7**	Seller's 4	Seller's 4	-	Seller's 7
77007 Memorial Pk, Rice Military+	-	Buyer's 13**	Seller's 7	Seller's 5	Seller's 7	Normal 10	Seller's 7**	Normal 10**	Seller's 4	Buyer's 12**	Slightly Strong 8
77019 Riv Oaks, Hyde Pk, 4th Ward+	Buyer's 19**	Slightly Strong 8	Seller's 6	Seller's 3	Seller's 3	Seller's 5	Seller's 7**	Seller's 5	Seller's 5	Seller's 5	Seller's 7
77027 Afton Oaks, Royden Oaks+	-	Slightly Soft 11	Seller's 5	Slightly Strong 8	Seller's 5	Seller's 3	Seller's 6	Seller's 5	-	-	Seller's 7
AREA 17 77005 Southampton, West U, SSide,	Norrmal 10	Seller's 4	Seller's 3	Seller's 5	Seller's 4	Seller's 5	Seller's 3	Normal 9	-	-	Seller's 4
77006, 77098 Blvd Oaks, Broadacres+	Seller's 6	Seller's 6	Seller's 5	Seller's 4	Slightly Strong 8	-	Seller's 3	Seller's 3	-	-	Seller's 5
77030 Southgate, Braeswood+	-	Seller's 6	Buyer's 17	Seller's 7	Seller's 3	Seller's 6	Seller's 1	Seller's 5	-	-	Seller's 5
77025 Braes Hghts, Linkwood+	-	Seller's 3	Seller's 4	Seller's 4	Seller's 5	Seller's 3	Seller's 6	Seller's 3	Seller's 3	Seller's 2	Seller's 4
77401 Bellaire	-	Seller's 6	Seller's 5	Seller's 4	Seller's 3	Seller's 3	Seller's 5	Seller's 4	Seller's 3	-	Seller's 4
AREA 20 77096 Meyerland, Maplewood+	-	-	-	-	Seller's 2	Seller's 0	Seller's 6	Seller's 5	Seller's 5	Seller's 5	Seller's 5
77035 Westbury, Willow Mdws+	-	-	-	-	-	-	-	Seller's 5	Slightly Strong 8**	Seller's 4	Seller's 6
AREA 22 77056 Tanglewood, Galleria+	Buyer's 13	Slightly Strong 8	Seller's 6	Slightly Soft 11**	Buyer's 18**	Normal 10	Seller's 6	Seller's 6	Seller's 5	-	Normal 9**
77057 Briargrove, Westhaven+	-	Buyer's 13**	Seller's 6	Seller's 2	Seller's 6	Seller's 6	Seller's 3	Seller's 6	-	-	Seller's 6
77063 Woodlake, Briarmeadow+	-	-	-	-	-	-	Seller's 3	Seller's 4	Seller's 7	Normal 9	Seller's 6
AREA 23 77024 Memorial	Buyer's 13	Seller's 4	Seller's 2	Seller's 2	Seller's 2	Seller's 3	Seller's 2	Seller's 1	-	-	Sellers 4
77079 Energy Corr, Fleetwood+	-	Seller's 2	Buyer's 18	Normal 9	Seller's 3	Seller's 2	Seller's 2	Seller's 2	Seller's 2	-	Seller's 3
Averages	Buyer's 12	Seller's 7	Slightly Strong 8	Seller's 5	Seller's 6	Seller's 6	Seller's 5	Seller's 5	Seller's 5	Seller's 6	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	-

** 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.
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This web site created and maintained by:
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
Instant message screen name: JTWestU (AOL, Yahoo, MSN)

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

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