Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 14% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 640-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 42%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 590-thousand dollars. The number of units sold decreased 10% year-over-year, and decreased 10% 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