Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 44% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 41%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 390-thousand dollars. The number of units sold decreased 25% year-over-year, and decreased 13% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 77079 (Houston, TX)
Area Information for 77079 (Houston, TX)
Median Age:39.12 yr
Median Commute Time:24.66 mins
Population Density:4,469/sq mi
Population Change Since 2000:6.45%
Closest Airport:George Bush Intercontinental/houston