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 down 25% from one year earlier, and down 1% 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 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 23%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold increased 2% year-over-year, and increased 8% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 77449 (Katy, TX)
Area Information for 77449 (Katy, TX)
Median Age:29.04 yr
Median Commute Time:32.56 mins
Population Density:3,272/sq mi
Population Change Since 2000:159.5%
Closest Airport:George Bush Intercontinental/houston