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 every other Friday.

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

3. THE AVERAGE OF THE ZIP CODE WEIGHTED AVERAGES tracks the changing inventory of homes for sale. Updates every other 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: Friday, September 3
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 20**	Buyer's 14	Seller's 6	Buyer's 16**	Slightly Strong 8	Seller's 7	Seller's 5	Normal 10	Seller's 7
77009 Woodland Hghts, Norhill+	-	-	-	-	Seller's 6	Seller's 5	Slightly Strong 8	Seller's 6	Seller's 6	Slightly Soft 11	Slightly Strong 8
77018 Garden Oaks, Oak Forest+	-	-	-	-	Buyer's 12	Slightly Strong 8	Seller's 7	Seller's 6	Seller's 6	Seller's 3	Seller's 5
AREA 16 77006 Avondale, Museum Dist+	-	-	-	-	Seller's 6	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Seller's 5	-	Seller's 7
77098 Montrose, Upper Kirby+	-	-	-	Normal 10	Buyer's 17**	Buyer's 12	Buyer's 16**	Seller's 4	-	-	Normal 9
77007 Memorial Pk, Rice Military+	Buyer's 66**	Buyer's 19	Normal 10	-	Seller's 5	Seller's 5	Seller's 7	Seller's 6	Seller's 7	Buyer's 12**	Slightly Strong 8
77019 Riv Oaks, Hyde Pk, 4th Ward+	Buyer's 13	Buyer's 13	Slightly Soft 11	-	Seller's 7	Buyer's 13	Seller's 7	Seller's 7	Slightly Strong 8	-	Slightly Soft 11
77027 Afton Oaks, Royden Oaks+	Buyer's 17	Buyer's 13	Slightly Strong 8	Buyer's 17**	Buyer's 14	Seller's 7	Buyer's 14	Normal 10	-	-	Buyer's 12**
AREA 17 77005 Southampton, West U, SSide,	Buyer's 18	Normal 9	Seller's 6	Seller's 5	Seller's 6	Seller's 6	Seller's 4	Normal 10	-	-	Seller's 7
77006, 77098 Blvd Oaks, Broadacres+	-	Buyer's 45**	Seller's 7	-	Buyer's 14	Normal 10	Seller's 5	Seller's 3	-	-	Buyer's 12**
77030 Southgate, Braeswood+	-	Buyer's 22	Seller's 3	Seller's 6	Seller's 5	Seller's 7	Normal 10	Seller's 4	-	-	Seller's 7
77025 Braes Hghts, Linkwood+	-	Slightly Strong 8	Slightly Soft 11	Buyer's 15	Seller's 3	Slightly Strong 8	Seller's 4	Seller's 5	Seller's 5	-	Seller's 6
77401 Bellaire	Seller's 4	Slightly Strong 8	Slightly Soft 11	Seller's 4	Normal 9	Seller's 5	Seller's 7	Normal 10	Normal 10**	-	Slightly Strong 8
AREA 20 77096 Meyerland, Maplewood+	-	-	-	-	Seller's 2	Slightly Strong 8	Slightly Strong 8	Seller's 7	Seller's 6	Seller's 5	Seller's 6
77035 Westbury, Willow Mdws+	-	-	-	-	-	-	-	Seller's 6	Slightly Strong 8	Seller's 7	Seller's 7
AREA 22 77056 Tanglewood, Galleria+	Buyer's 21	Slightly Soft 11	Slightly Strong 8	Buyer's 14	Normal 9	Seller's 7	Buyer's 14	Buyer's 14	Seller's 2	-	Buyer's 12**
77057 Briargrove, Westhaven+	-	Buyer's 17	Normal 10	Normal 10	Seller's 5	Seller's 6	Seller's 7	Buyer's 32**	Seller's 1	-	Normal 9
77063 Woodlake, Briarmeadow+	-	-	-	-	-	Seller's 5	Seller's 6	Buyer's 12	Seller's 6	Seller's 6	Seller's 6
AREA 23 77024 Memorial	Buyer's 16	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Seller's 4	Slightly Strong 8	Seller's 5	Seller's 4	-	-	Slightly Strong 8
77079 Energy Corr, Fleetwood+	-	-	Seller's 2	Buyer's 12	Slightly Strong 8	Seller's 5	Seller's 5	Seller's 3	Seller's 2	-	Seller's 4
Historic Average	Buyer's 22	Buyer's 16	Normal 9	Normal 10	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Slightly Strong 8	Seller's 6	Slightly Strong 8	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.