Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 27% from one year earlier, and down 7% 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 360-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 36%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 260-thousand dollars. The number of units sold increased 4% year-over-year, and decreased 17% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 77433 (Cypress, TX)
Area Information for 77433 (Cypress, TX)
Median Age:31.49 yr
Median Commute Time:34 mins
Population Density:1,256/sq mi
Population Change Since 2000:613%
Closest Airport:George Bush Intercontinental/houston