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 48% from one year earlier, and up 4% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 12%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 200-thousand dollars. The number of units sold decreased 33% year-over-year, and decreased 34% 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 77493 (Katy, TX)
Area Information for 77493 (Katy, TX)
Median Age:34.32 yr
Median Commute Time:35 mins
Population Density:459/sq mi
Population Change Since 2000:75.05%
Closest Airport:George Bush Intercontinental/houston