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.
|