Houston Overall Statistics July YTD 2007

**Single-family home sales are exactly the same number of sold units as found in July YTD 2006 sales with 42,152 MLS recorded sold units,
**Dollar volume sold in MLS through July YTD 2007 is $8,669,472,677 which is a 3% increase in dollar volume sold over last year.
**Average sales price YTD is $205,672 or 3% greater than this time last year. The median sales price, where half the homes sold above and half the homes sold below is $152,000, and that is 2% higher than last year.
**Active listings are up by 15% with 34,493 single-family homes on the market. Contracts written, which represent July YTD buyer demand in Houston, are up 6% over this time last year with 31,253 homes that have gone under contract.
**Average sales price per square foot is $90, which is 3% greater than last year. Days on the Market, a statistic that is good if it is declining, has gone down by 4% since last year and the average time to sell a home in Houston is 76 days, down from last year’s 79 days.
**Contracts written [buyer demand] are still in a positive position in the first half of the year, and days on the market on the decline. The only metric that is causing a drag on the market is the double digit increase in homes on the market. This additional supply makes selling a home more competitive and will slow home price appreciation in areas that have experienced an increase similar to the overall Houston market.

Atascocita – Area 1

**Single-family home sales in the Atascocita area have declined 3.2% over July YTD 2006. The market has experienced 1630 home sales since the beginning of the year and last year there were 1684 units sold during the same time frame.
**Contracts initiated [buyer demand] are 8% greater than those found a year ago. There have been 1398 units go under contract and last year there were 1294. Contracts initiated represent buyer demand that has occurred this year, and therefore, the increase could indicate that sales could catch up, at least to last year’s levels, by year end.
**Listings are also up by 11.6% and there are currently 1,379 units on the market as compared to 1,235 last year.
**Average sales price YTD has risen a moderate 1.77% and currently stands at $169,989, and last year the average sales price was $167,037. The median is up 3% and currently is $151,900.
**The Atascocita area currently has 6.2 months of inventory and that is more than was found last year, 5.6 months. Months-of-inventory is an indicator of the status of the market. Currently, if no new listings came on the market, it would take 6.2 months to deplete the current supply, if no new listings came on the market. Last year, it would have taken 5.6 months. A market with 6 months or less of inventory is a sellers’ market, according to economists. To Realtors®, 6 months or more supply feels more like a buyer’s market.
**In July 2007, the Atascocita area was #9 on the Houston Hotness Index because 14.7% of its’ entire inventory went under contract during that one month. Atascocita still is one of the top ten performing market sectors in Greater Houston.


Bear Creek – Area 8

* Single-family home sales have declined 7.5% in the Bear Creek Market area over July YTD 2006 with 1675 MLS recorded home sales.
* Listings are UP in the Bear Creek Market area by 2.6% over this time last year with 1,160 homes listed and on the market.
* Contracts pending are up by 3 units with 1214 homes receiving contracts. July YTD 2006 contracts written registered at 1211.
* Average sales price is down ever so slightly over last years’ average sales price and currently stands at $168,303, a decline of .277%. Last year, average sales price was $168,772. The median, where half the homes sold above and half sold below is $147,840 and that is 2.67% more than the median last year.
* In July 2007, 12.9% of all listings in the Bear Creek area received a contract during the month, earning Bear Creek a ranking of #18 on the Houston Hotness Index.

* The Bear Creek Market area currently has 5.1 months of inventory and last year the area had 4.8 months of inventory. While Months of Inventory is higher than last year, it still represents a better trend than most of the areas in Houston.


Clear Lake Area 7

* Clear Lake was ranked #2 on the July 2007 Houston Hotness Index because 19.7% of all listings went under contract during that one month!
* Clear Lake single-family home sales are down by 97 units over July YTD 2006 with 1,368 homes sold in 2007 as compared to 1,465 last year.
* Contracts written and pending to close year-to-date are 59 units below last year for a total of 950 MLS recorded pending sales.
* Homes listed and on the market in Clear Lake are down by 4.74% from this time last year with 804 single-family homes on the market today as compared to 844 last year.
* Clear Lake’s Average sales price is up by 4.10% and currently stands at $184,312, as compared to $177,055 last year during the same time frame.
* Days on the market register at 68, which represents two more days than it took to sell a home last year. Month’s inventory is 4.3, a very low supply in comparison to the Houston overall market as well and Clear Lake’s months of inventory last year, which was 4.8. This should support more home price appreciation in the summer.

The Heights – Area 9

* The Heights single-family home sales have increased by 73 units over July YTD 2006 with 1438 homes sold in 2007 as compared to 1365 last year, a 5.35% increase.
* Contracts written and pending to close year-to-date are 51 units ahead of last year for a total of 933 MLS recorded pending sales. This represents a 5.78% increase over July YTD 2006.
* Homes listed and on the market in The Heights are up by 21.14% from this time last year with 1,238 single-family homes on the market today as compared to 1,022 last year.
* The Heights Average sales price is up by 9.57% and currently stands at $227,257 as compared to $207,409 last year during the same time frame. Median price, where half the homes sold above and half the homes sold below the median price is up 10.5% and it is currently $200,000.
* Days on the market register at 76, which is 5 days less than it took to sell a home last year.
* The Heights was ranked #24 on the July Houston Hotness Index because 11.1% of all listings went under contract during that one month!

North Area 12

* Sales in the North Market area in July YTD 2007 have increased by 130 units or 12.38% in comparison to 2006. The area recorded 1180 closed single-family home sales and in 2006 experienced 1050.
·* Listings are up in the North Market area by 37.59% over this time last year with 1153 homes listed and on the market.
* Contracts pending are up by 29.43% with 1,007 homes receiving contracts in July YTD 2007. Contracts pending in July YTD of last year registered at 778 units.
* Average sales price is down slightly over last years’ average sales price and currently stands at $117,100 representing a decline of 2.98%. Last year, average sales price was $120,693. The median, however, which is the midpoint price where half the homes sold above and half sold below is down 2.66% over last year’s median sales price and is $111,000.
* The North Market area currently has 8 months of inventory. Last year, the North Market had 6.3 months of inventory. The increase in supply has been a major factor that is holding home price appreciation down.
* A home seller in the North Market can expect to sell a competitively priced home for an average of 97% of the list price. The average price per square foot in the North area is $61.


Northwest 13

* Sales have declined in the Northwest Market area in comparison to July YTD 2007 by 6.42% with 1908 MLS recorded home sales!
* Listings are up in the Northwest area by 18% over this time last year with 1,739 homes listed and on the market.
* Contracts pending are up by 2.21% with 1,524 homes receiving contracts YTD through July 2007. Contracts pending July YTD last year registered at 1491 units.
* The median sales price, where half the homes sold above and half sold below is down by 1.02% and currently stands at $146,000. Average sales price is higher than last years’ average sales price and currently stands at $176,742 representing an increase of 1.08% Last year; average sales price was $174,862.
* The Northwest Market area currently has 6.8 months of inventory. Last year, the Northwest Market had 5.6 months of inventory, which is redirecting the market from a seller’s market to a balanced market.
* In July 2007, 11.4% of all listings in the Northwest area received a contract during the month, ranking the area 23rd on the Houston Hotness Index.

Far Northwest 14

* Sales have declined by 35 units in the Far Northwest area over July YTD 2006 or 3%% with 1131 MLS recorded home sales!
* Listings are up in the Far Northwest Market area by 26% over this time last year with 994 homes listed and on the market.
* Contracts pending are up by 2.41% with 934 homes receiving contracts YTD through July 2007. Contracts pending July YTD last year registered at 912 units.
* Average sales price is slightly higher than last years’ average sales price and currently stands at $193,513 representing an increase of .05% Last year; average sales price was $193,408. The median sales price is $155,000 and is up by 1.97%.
* The area currently has 6.4 months of inventory. Last year, the Far Northwest Market had 5 months of inventory, which is a considerable increase in supply.
* In July 2007, 13.9% of all listings in the area received a contract during the month, ranking the area #11 on the Houston Hotness Index!

Conroe – Montgomery County NW – Area 39

· Sales are down by 10 units in NW Montgomery County in comparison to July YTD 2006 with 911 homes sales recorded in MLS as compared to 921 last year.
· Contracts written year-to-date are up 10.26% with 634 recorded pending contracts year-to-date as opposed to 575 last year.
· Listings are up over this time last year by 6.49%. There are currently 1,017 homes on the market in the area.
· Average sales price is up over last year [7.90%] and currently stands at $228,430. The median sales price is up by 7.6% and is $169,900.
· The area has 7.9 months of inventory. The average price per square foot is $97 and days to sell a home are 102, which is up from last years’ 97.
· The Houston Hotness Index indicates that the Conroe area sold 10.2% of its single-family home supply in the month of July.

East / Wood Forest Area 2

· Sales are up in the East by 5.89% in July YTD 2007 with 1,491 single-family homes sales recorded in MLS as compared to 1,408 last year.
· Contracts written year-to-date have increased by 8.03% or a total of 1,238 units recorded in MLS as pending contracts in July YTD 2007 as opposed to 1,146 last year.
· Listings are up over this time last year by 315 units or 28.7%. There are currently 1,413 homes on the market in the area.
· Average sales price is up over last year [.77%] and currently stands at $101,151. The median price is $96,900 and is up 2% over last year’s median sales price.
· The area has 7.3 months of inventory, the same as last year. The average price per square foot is $60 and days on market to sell a home are 72, which is down from last years’ 80.

Fort Bend Sugar Land Z 29

* In July 2007, Sugar Land was #4 on the Houston Hotness Index because 18.2% of all listings [inventory] went under contract during that one month!
* Sugar Land has experienced a 4.24% decline in single-family home sales over July YTD 2006 with 1,175 home sales as compared to 1,227 home sales last year.
* Contracts written in Sugar Land are exactly the same as last year with 707 units that have received contracts for the year.
* Sugar Land’s average sales price is up by 9.09% over July 2006 and now stands at $259,104 as compared to last year’s $237,505. The median sales price is also up by a higher amount, 13.16%. Half the homes YTD have sold above the median, $215,000 and half have sold below it.
* Sugar Land homes on the market are down by 5.19% with 530 homes on the market as compared to last year’s 559.
* There are 3.6 months of inventory in Sugar Land as compared to last year’s 3.3 months of inventory, and that makes for a very healthy seller’s market. It takes 50 days on average to sell a home in Sugar Land, which is 9 days less than the number of days that it took last year.
* It is a great time to sell your home in Sugar Land due to its’ appreciating sales price, and far fewer competing homes on the market than found last year!

Fort Bend Missouri City Z 38

* Missouri City has experienced 150 more home sales [an increase of 13.53%] in July YTD 2007 as it did in 2006 with 1,259 home sales recorded in the Houston Association of Realtors® Multiple Listing Service.
* Contracts written in Missouri City are up by 313 units in comparison to July YTD 2006 and now records 1,102 units YTD recorded as pending to close. This represents an increase over last year of 39.67%
* Missouri City’s average sales price declined .89% over year-to-date July 2006 and now stands at $173,934 as compared to last year’s $175,495.
* Missouri City homes on the market are up by 35.38% with 1171 homes on the market as compared to last year’s 865.
* There are 6.9 months of inventory in Missouri City as compared to last year’s 6.6. It takes 85 days on average to sell a home in Missouri City whereas last year, it took 79.
* According to the July Houston Hotness Index, the Missouri City area [Z38] had 13.4% of all listings receive contracts during the month. This earned Missouri City a 14th place ranking on the Houston Hotness Index, which ranks Houston’s Top 44 areas in hotness.
* Missouri City’s robust increase in inventory, despite its’ equally robust increase in buyer demand [contracts pending] is causing a drag on home price appreciation. Hopefully, buyer demand will continue in strength throughout the final month of summer and cause more absorption of inventory.

Fort Bend West Area 37

* Single family home sales in the West Fort Bend area are up by 4.93% over July YTD 2006, with 1,319 recorded home sales YTD.
* Contracts initiated July YTD 2007 are 138 units higher than last years’ contracts initiated with 965 homes pended July YTD.
* Listings are up by 27.46% in the Fort Bend West area with 1086 listings currently on the market in comparison to 852 last year.
* Average sales price for the Fort Bend West area is up July YTD 2006 and is currently $176,713. The median sales price of homes, where half the homes sold above and half sold below, has risen 3.25% and is currently $154,880.
* The Fort Bend West area currently has 6.3 Months of Inventory, meaning if no other listings were taken, it would take 6.3 months to deplete the current supply of homes. Last year, there was 5 months of inventory, so the increased supply will hold home price appreciation at bay.
* According to the MLS Houston Hotness Index for July, Fort Bend West had 11.1% of its inventory go under contract during the month. This hotness index earned the area a ranking of 25th on the July Houston Hotness Index out of 44 areas listed. The list price/sales price ratio of homes in the area is 97% [meaning that on average, a seller could expect a competitively priced home to sell for 97% of the list price]. Average price per square foot in the area is $74.


Fort Bend Southwest Area 30

* Single family home sales in the Southwest Fort Bend area are up by 5.26% over July YTD 2006, with 880 recorded home sales YTD.
* Contracts initiated July YTD 2007 are up by 17.04%, or 680 total units.
* Listings are up by 13.97% in the Fort Bend Southwest area with 656 listings currently on the market in comparison to 669 last year.
* Average sales price for the Fort Bend Southwest area is up by .99% over July YTD 2006 and is currently $200,280. The median sales price is up by 2.15% and currently stands at $182,490.
The Fort Bend Southwest area currently has 6 Months of Inventory, meaning if no other listings were taken, it would take 6 months to deplete the current supply of homes. Last year, there were 5.6 months of inventory. The area has retained its sellers’ market status; however, it is close to approaching a balanced market.
* According to the MLS Houston Hotness Index for July, Fort Bend Southwest had 12.6% of all inventory go under contract during the month, earning a ranking of #20 out of 44 on the Hotness Index.
* The list price/sales price ratio of homes in the area is 97% [meaning a seller could expect a competitively priced home to sell for 97% of the list price]. Average price per square foot in the area is $79.

Katy / Cinco Ranch Area 36

• The Katy/Cinco Ranch Area was Number 1 on the Houston Hotness Index for July 2007! 24.6% of all active listings went under contract during that one month.
• The area has experienced 1,757 homes sales YTD or a 70 unit decline, or 3.83% fewer sales in comparison to July YTD 2006.
• There has been a 4.53% increase in average sales price, which currently stands at $244,857. The median, where half the homes sold above and half the homes sold below year-to-date currently stands at $208,000.
• The Katy / Cinco Ranch area has experienced a 10.02% increase in pending sales for a total of 1,307 YTD.
• There is a shortage of homes on the market as the area experienced a .38% decline in listings. There are currently 785 homes on the market.
• The market has 3.4 months supply of inventory, which indicates an appreciating market.
• Real estate markets don’t get much better than this in Houston!

Far West – Katy Area 25

* Single family home sales in the Far West area are up by a whopping 17.75% over July YTD 2006, with 1,891 recorded home sales YTD.
* Contracts initiated YTD 2007 is also up by 38.63%, or 1,561 total units. This is one of the highest increases in contracts pending in the entire MLS area.
* Listings are also up by 63.25% with 1,608 listings currently on the market in comparison to 985 last year. While most of Houston has experienced an increase in supply, no area known has experienced as much as this area.
* Average sales price for the Far West area is up by 1.52% over July YTD 2007 and is currently $135,989. The median sales price [where half the homes sold above and half the homes sold below] was $127,000, a 2.83% increase over last year.
The Far West area currently has 6.9 Months of Inventory, meaning if no other listings were taken, it would take 6.9 months to deplete the current supply of homes. This market is moving toward a buyers’ market especially in relation to last years’ months of inventory, which were 5.1.
* According to the MLS Houston Hotness Index for July, the Far West had 13% of all inventory go under contract during the month, earning a ranking of #16 out of 44 on the Hotness Index.
The list price/sales price ratio of homes in the area is 97% [meaning a seller could expect a competitively priced home to sell for 97% of the list price]. Average price per square foot in the area is $66. Days on the market has increased from 2006 to the present – from 60 days to the current 76 days.


Galveston County Area 33

* Single-family home sales in Galveston County were up 9.08% July YTD 2007 over the previous year during the same time frame with 2,596 home sales recorded in the Houston MLS year to date. There were 2,380 closed home sales last year during the same time frame.
* Pending contracts recorded July YTD 2007 were up by 15.29% compared to last year. Pending units recorded year-to-date currently stand at 1,908 units whereas last year, pending units were 1,655 units.
* Galveston Homes on the Market reached 2,778 units in July 2007 and are up by 20.36% over last year, where inventory was 2,308.
* Galveston County’s average sales price is $194,632 and that figure is up by 4.57% over last year. The median sales price, where half the homes sold above and half sold below, is up by 5.58% and is currently $160,000.
* Galveston County currently has 8.4 months of inventory. Last year Months of inventory were 8.6. Days on the market [DOM] to sell a home in Galveston County is currently 82 and that is longer than last year’s 78 DOM.
* While Galveston County has experienced a great market, with a 9.08% increase in sales, a 20.36% increase in supply has slowed home price appreciation and created more competition for home sellers. Listings should be precision priced at its current 96% list price/sales price ratio or higher and should be in showcase condition to attract the best offer.
* The Houston Hotness Index for July ranked Galveston County #32 out of 44 in terms of hotness because 9.9% of all listings went under contract during that one month.

Hempstead East Area 10

* Single-family home sales are down by 281 units in the East Hempstead area over July YTD 2006 with 1,386 home sales recorded in MLS year to date. There were 1,667 single-family home sales last year during the same time frame.
* Pending contracts displayed a decline over July 2006 by 18.13%. Pending units recorded year-to-date currently stand at 894 whereas last year, pending units were at 1,092.
Hempstead East Homes on the Market are down by 6.83% over last year. There are currently 968 homes on the market as compared to 1,039 last year.
* The average sales price is $178,982 and that figure is 3.83% lower than last year’s $186,112. There has been a median sales price increase of .057% and that figure is currently $160,920.
The area is mirroring a seller’s market with 5.2 months of inventory although all other statistics point otherwise. Last year, Months of inventory was still indicative of a sellers’ market with 4.7 months of inventory. Days on the market to sell a home in the Hempstead East area are currently 67, and last year, it was 78.
* In July 2007, the Hempstead East area was #15 on the Houston Hotness Index because 13.3% of all listings went under contract during the month.


Kingwood Area 32

* In July YTD 2007, Kingwood was #5 on the Houston Hotness Index because 17.3% of all listings went under contract during that one month.
* Single-family home sales are down in Kingwood over July 2006 by 1 unit or .12% with 831 home sales recorded in MLS year to date compared to 832 closed last year during the same time frame.
* Pending contracts displayed an increase over July YTD 2006 by 1.51% in July YTD 2007. Pending units recorded year-to-date currently stand at 605 whereas last year, pending units were at 596.
* Kingwood Homes on the Market are up by 2.27% over last year. There are currently 451 homes on the market in Kingwood as compared to 441 last year.
* Kingwood average sales price is $212,282 and that figure is up by 1.78% over last year. The median sales price is $175,250 and that figure is also up by 2.99% over July YTD 2006.
* Kingwood represents a seller’s market with 4.5 months of inventory. Days on the market to sell a home in Kingwood are currently at 62 days, and last year, it was 68.

Southwest Inner Loop Z 17

* Single-family home sales declined slightly in the Inner Loop from July YTD 2006 by 27 units with 740 homes sales recorded in Houston MLS July YTD 2007.
* Pending contracts, which represent buyer demand year-to-date, has experienced a decline of 36 units. Pending contracts currently stand at 306 pending sales and last year, it experienced 342 pending contracts.
* Listings have declined from this time last year by 6.05% and the current inventory stands at 435 homes on the market.
* Average sales price has risen by 9.74% since this time last year and average sales price is currently $660,662. The median sales price in the Inner Loop is up 8.72% and currently stands at $592,500.
* The average price per square foot in the SW Inner Loop is $217 and last year the average was $197.
* Homes listed in the SW Inner Loop can expect to net 98% of the list price on average and sell on average after 64 days on the market.

Spring Branch Area 24

* Single-family home sales are down in the Spring Branch area by 11.44%. There were 534 home sales July YTD 2007 and during the same time frame last year, there were 603 units sold.
* Contracts initiated during July YTD 2007 showed similar trends with a 17.75% decline over last year during the same time frame. There were 315 contracts initiated this year and 383 contracts initiated last year.
* Spring Branch listings have declined by 13.35% from this time last year. There are currently 357 active listings whereas last year, there were 412.
* The average sales price is up over this time last year by 11.03%. The current average sales price is $230,573 and last year it was $207,673. The median sales price is up 14.8% and currently stands at $168,750.
* There are currently 4.3 months of inventory in the Spring Branch area, meaning that if no new listings came available on the market, it would take 4.3 months to sell the current supply. This represents a market favorable to a seller.
* A home priced comparably in the market can expect to sell for an average of 97% of the list price. Homes sold year-to-date have sold for an average of $111 per square foot.
* The Spring Branch area ranked 30th on the Houston Hotness Index for the month of July because 10.2% of all listings went under contract during that one month.

Tomball Area 35

* Single-family home sales have declined in Tomball from July YTD 2006 by 24 units with 926 homes sales recorded July YTD 2007.
* Pending contracts, which represent buyer demand year-to-date, has experienced a 34- unit increase. Pending contracts currently stand at 710 pending sales and last year, it experienced 676 pending contracts. This represents an increase of 5.03%.
* Listings have increased from this time last year by 13.18% and the current inventory stands at 730 homes on the market.
* Average sales price has risen 6.14% since this time last year and is currently $204,262. The median sales price, where half the homes sold above and half sold below the median price is up 3.94% and currently stands at $167,000.
* The average price per square foot in the Tomball area is $79 and last year the average was $76.
* Homes listed in the Tomball area can expect to net 97% of the list price on average and sell on average after 78 days on the market.
* The Tomball area is ranked #6 on the July Houston Hotness Index because 16.3% of all listings received a contract during the month.

West Center Inner Loop Area 16

* Single-family home sales are down 4.26% in the West Center Inner Loop from July YTD 2006 to July YTD 2007 and currently 495 homes sold as compared to 517 last year.
* Contracts written, a better indicator of buyer demand, are down by 4.69% from this time last year with 264 homes receiving contracts year-to-date.
* Listings in the West Center Inner Loop currently stand at 481 units and that figure is down from July YTD 2006 by 2 units, or .42%.
* Average sales price is up by 13.76% from this time last year and is currently $625,109. The median sales price, where half the homes that sold are above and half the homes are below the median, are up 9.77% and are currently $375,950.
* Homes in the West Center Inner Loop sell on the average of $232 a sq. ft and last year that figure was $218. Homes that sell in the area can expect to render an average of 95% of the selling price and take approximately 92 days to sell.
There are 7.2 months of inventory in the area. .

The Woodlands Area 15


* Single-family home sales in The Woodlands are down by 50 units through July YTD 2007 in comparison to time last year or 1.85% with 2,655 home sales recorded.
* Contracts written, a better indicator of “future demand”, show 1,936 pending sales have been written year-to-date. This is a 15-unit decline over that which was written July YTD 2006.
* Listings in The Woodlands are up by 4.99% with 1,661 homes on the market in July YTD 2007 as compared to 1,582 in July YTD 2006.
* Average sales price in The Woodlands is $275,767, which is 4.31% greater than July YTD 2006, which averaged $264,381. The median sales price for The Woodlands, where half the homes sold above and half sold below the median sales price was $207,000 and that figure is up from this time last year by 4.55%
* The Woodlands has a 4.8-month supply of inventory, which indicates the area is a seller’s market. Days on the market to sell a home has declined in The Woodlands from this time last year from 73 DOM in July YTD 2006 to 58 DOM in July YTD 2007.
* The Woodlands was ranked #3 on the Houston Hotness Index for July 2007 because 18.6 % of all listings received a contract during that one month.

West Houston Area 31

* Single-family home sales in the West Houston area have declined by 4.82% in July YTD 2007 over July YTD 2006 and currently register 592 units sold.
* Contracts written are up from this time last year by 10.43% and there are currently 413 units recorded pending as opposed to 374 last year. The increase shows trends of a market that will continue to heat up as the summer months continue.
* Listings are up by 2.92% from this time last year with 494 homes on the market.
* Average sales price YTD in the West Houston area is $300,432 and that is 1.98% more than July YTD 2006 average sales price of $294,598. The median sales price of the area is up 7.07% and currently stands at $212,000. The median sales price is the midpoint where half the homes sold above and half sold below.
* Homes in the West Houston area sell at an average sales price of $112 a sq. ft. A seller can expect to sell his home for an average of 97% of the list price and take an average of 79 days on the market to sell. Months of Inventory currently stand at 6, representing a seller’s market.
West Houston registered #22 on the Houston Hotness Index in July YTD because 11.5% of current inventory went under contract during that one month.

West Memorial Area 23

* Single-family home sales in the West Memorial area have declined by 19.08% in July YTD 2007 over July YTD 2006 and currently register 424 units sold.
* Contracts written are down from this time last year by 17.73% and there are currently 181 units recorded pending YTD as opposed to 220 last year.
* Listings are down by 19.71% from this time last year with 224 homes on the market.
* Average sales price YTD in the West Memorial area is $803,919 and that is 21.99% more than July 2006 YTD average sales price of $658,990. The median sales price, where half the homes above and half sold for less, is $539,000 and that is up 29.75%.
* Homes in the West Memorial area sell at an average sales price of $217 a sq. ft. A seller can expect to sell his home for an average of 97% of the list price and take an average of 43 days on the market to sell. Months of Inventory currently stand at 4, representing a seller’s market.
West Memorial registered #12 on the Houston Hotness Index in July because 13.7% of all current inventories went under contract during that one month.

May YTD 2006 – Single-family home sales
YTD Review of the Market for Houston and surrounding areas:

Houston Overall Statistics May YTD 2006
> Single-family home sales are up by 13% in sold units over May YTD 2005 sales with 27,756 MLS recorded sold units,
> Dollar volume sold in MLS through May YTD 2006 is $5,382,779,961 which is a 20% increase in dollar volume sold over last year.
> Average sales price YTD is $193,932 or 7% greater than this time last year.
> Active listings are down by 3% with 29,355 single-family homes on the market.
> Contracts written, which represent May YTD buyer demand in Houston are up 10% over this time last year with 15,667 homes that have gone under contract.
> Average sales price per square foot is $85, which is 5% greater than last year.
> Days on the Market, a statistic that is good if it is declining has gone down by 5% since last year and the average time to sell a home in Houston is 83 days.
> With sales and contracts pending on the upswing in the first four months of the year, and active listings and days on the market on the decline, home price appreciation, even in single digit denominations, is a high probability.

Atascocita – Area 1

> Single-family home sales in the Atascocita area have risen 27% over May YTD 2005. The market has experienced 1086 home sales since the beginning of the year and last year there were 854 units sold during the same time frame.
> Contracts initiated this first 5 months of the year are 24% greater than those found a year ago. There have been 891 units go under contract and last year there were 720. This statistic indicates that the market will continue to strengthen as summer approaches.
> Listings are also up by 11% and there are currently 1,223 units on the market as compared to 1,098 last year.
> Average sales price YTD has risen 10% and currently stands at $164,305 , and last year the average sales price was $149,630.
> The Atascocita area currently has 6 months of inventory, an improvement from last years 6.5 months. Months-of-inventory is an indicator of the status of the market. Currently, if no new listings came on the market, it would take 6 months to deplete the current supply, whereas last year, it would have taken 6.5 months. A market with 6 months or less of inventory is a sellers’ market.
> In May 2006, the Atascocita area was #19 on the Houston Hotness Index because 16.3% of its’ entire inventory went under contract during that one month. It is evident from the data that Atascocita is one of the best market sectors in Greater Houston in terms of buyer demand and that is good news for sellers in the area.


Bear Creek – Area 8

· Single-family home sales have experienced a healthy 13% increase in the Bear Creek Market area over May YTD 2005 with 1170 MLS recorded home sales!
· Listings are DOWN in the Bear Creek Market area by 8% over this time last year with 1,106 homes listed and on the market.
· Contracts pending are up by 38 units with 845 homes receiving contracts. May YTD 2005 contracts written registered at 807.
· Average sales price is also higher than last years’ average sales price and currently stands at $165,913, an increase of 6%. Last year, average sales price was $155,727.
· The Bear Creek Market area currently has 4.7 months of inventory, which is a considerable improvement in supply. Last year, the Bear Creek Market had 5.5 months of inventory. This is a sellers’ market and one of the best times ever in Houston history to sell a home in Bear Creek!
· In May 2006, 17.4% of all listings in the Bear Creek area received a contract during the month, earning Bear Creek a ranking of #14 on the Houston Hotness Index!




Clear Lake Area 7

> Clear Lake single-family home sales have increased by 56 units over May YTD 2005 with 951 homes sold in 2006 as compared to 895 last year.
> Contracts written and pending to close year-to-date are 23 units ahead of last year for a total of 681 MLS recorded pending sales.
> Homes listed and on the market in Clear Lake are up by 6% from this time last year with 820 single-family homes on the market today as compared to 773 last year.
> Clear Lake’s Average sales price is DOWN by 2.54% and currently stands at $168,440, as compared to $172,836 last year during the same time frame.
> Days on the market register at 72, which represents one less day than it took to sell a home last year.
> Clear Lake was ranked #6 on the May Houston Hotness Index because 20.3% of all its’ listings went under contract during that one month!

North Area 12

· Sales in the North Market area in May YTD 2006 have increased by 22 units or 3% in comparison to 2005. The area recorded 537 closed single-family home sales and in 2005 experienced 526.
· Listings are down slightly in the North Market area by .49% over this time last year with 809 homes listed and on the market.
· Contracts pending are down slightly by 7.64% with 544 homes receiving contracts in May YTD 2006. Contracts pending in May YTD of last year registered at 589 units.
· Average sales price is slightly higher than last years’ average sales price and currently stands at $120,462 representing an increase of 4.25%. Last year, average sales price was $115,546.
· The North Market area currently has 5.5 months of inventory. Last year, the North Market had 5.8 months of inventory, an improvement in supply.
· A home seller in the North Market can expect to sell a comparably priced home for an average of 98% of the list price. The average price per square foot in the North area is $62.


Northwest 13

· Sales have increased in the Northwest Market area in comparison to May YTD 2005 by 17% with 1342 MLS recorded home sales!
· Listings are DOWN in the Northwest area by 13% over this time last year with 1,436 homes listed and on the market.
· Contracts pending are up by 8% with 1,054 homes receiving contracts YTD through May 2006. Contracts pending May YTD last year registered at 974.
· Average sales price is also higher than last years’ average sales price and currently stands at $168,701 representing an increase of 2.69% Last year, average sales price was $164,286.
· The Northwest Market area currently has 5.2 months of inventory. Last year, the Northwest Market had 6.9 months of inventory, which is a considerable improvement in supply.
· In May 2006, 16.4% of all listings in the Northwest area received a contract during the month, according to the Houston Hotness Index!

Far Northwest 14

· Sales have increased dramatically in the Far Northwest area over May YTD 2005 by 23% with 773 MLS recorded home sales!
· Listings are DOWN in the Far Northwest Market area by 8.7% over this time last year with 777 homes listed and on the market.
· Contracts pending are up by 22% with 624 homes receiving contracts YTD through May 2006. Contracts pending May YTD last year registered at 851.
· Average sales price is also higher than last years’ average sales price and currently stands at $192,640 representing an increase of 12% Last year, average sales price was $172,116.
· The area currently has 5.1 months of inventory. Last year, the Far Northwest Market had 6.9 months of inventory, which is a considerable improvement in supply.
· In May 2006, 17.7% of all listings in the area received a contract during the month, ranking the area #14 on the Houston Hotness Index!



Conroe – Montgomery County NW – Area 39

· Sales are up by 138 units in NW Montgomery County in comparison to May YTD 2006 with 635 homes sales recorded in MLS as compared to 497 last year.
· Contracts written year-to-date are up 27% with 417 recorded pending contracts year-to-date as opposed to 328 last year.
· Listings are up over this time last year by 1.%. There are currently 936 homes on the market in the area.
· Average sales price is up only slightly over last year [.08%] and currently stands at $209,583.
· The area has 7.7 months of inventory as compared to 9.3 last year, which is an improvement in home supply. The average price per square foot is $91 and days to sell a home are 108, which is down from last years’ 117.
· The Houston Hotness Index indicates that the Conroe area sold 8.6% of its single-family home supply in the month of May.

East / Wood forest Area 2

· Sales are up in the East by 5.32% in May YTD 2006 with 1,009 single-family homes sales recorded in MLS as compared to 958 last year.
· Contracts written year-to-date are down slightly by 2.18% or a total of 844 units recorded in MLS as pending contracts in May YTD 2006 as opposed to 826 last year.
· Listings are up over this time last year by 21 units or 2%. There are currently 1,069 homes on the market in the area.
· Average sales price is up over last year [4%] and currently stands at $99,066.
· The area has 5.5 months of inventory, the same as last year. The average price per square foot is $60 and days on market to sell a home are 83, which is up from last years’ 81.



Fort Bend Sugar Land Z 29

> Sugar Land has experienced a 4% increase in single-family home sales over May YTD 2005 with 766 home sales as compared to 737 home sales last year.
> Contracts written in Sugar Land are down by 55 units with 462 units pending to close.
> Sugar Land’s average sales price is up by 3% over May 2005 and now stands at $228,843 as compared to last year’s $222,720.
> Sugar Land homes on the market are down by 24% with 551 homes on the market as compared to last year’s 727.
> There are 3.2 months of inventory in Sugar Land as compared to last year’s 4.2 months of inventory, and that makes for a very healthy seller’s market. It takes 66 days on average to sell a home in Sugar Land, which is the same number of days that it took last year.
> Sugar Land area [Z29] ranked Number 4 on the Houston Hotness Index in May, with 20.7% of its listings receiving a contract during that one month.
> Sugar Land will continue to heat up throughout the summer! It is a great time to sell your home in Sugar Land due to its’ higher average sales price, and far fewer homes on the market than found last year! The decline in the number of homes on the market is far greater than the decline in pending sales, so Sugar Land is well-positioned for a great summer market.

Fort Bend Missouri City Z 38

> Missouri City has experienced 49 more home sales in May YTD 2006 as it did in 2005 with 740 home sales recorded in the Houston Association of Realtors® Multiple Listing Service.
> Contracts written in Missouri City are up by 15 units in comparison to May YTD 2005 and now records 546 units YTD recorded as pending to close.
> Missouri City’s average sales price jumped 12% over year-to-date May 2005 and now stands at $173,474 as compared to last year’s $155,221.
> Missouri City homes on the market are up by 6% with 820 homes on the market as compared to last year’s 774.
There are 5.5 months of inventory in Missouri City as compared to last year’s 5.3, and that still makes a healthy seller’s market. It takes 81 days on average to sell a home in Missouri City whereas last year, it took 84.
> According to the May Houston Hotness Index, the Missouri City area [Z38] had 14.4% of all listings receive contracts during the month of May. This earned Missouri City a 28th place ranking on the Houston Hotness Index, which ranks Houston’s Top 44 areas in hotness.
Missouri City’s increase in contracts written YTD through May, and its’ higher average sales price, indicates that the market could outpace last year’s market.

Fort Bend West Area 37

> Single family home sales in the West Fort Bend area are up by 13% over May YTD 2005, with 845 recorded home sales YTD.
> Contracts initiated May YTD 2006 are slightly below last years’ contracts initiated with 568 homes pended May YTD.
> Listings are down by 6% in the Fort Bend West area with 831 listings currently on the market in comparison to 880 last year.
> Average sales price for the Fort Bend West area has risen by 13% over May YTD 2005 and is currently $174,834.
> The Fort Bend West area currently has 4.8 Months of Inventory, meaning if no other listings were taken, it would take 4.8 months to deplete the current supply of homes. Last year, there was 6.3 months of inventory, so the speed of sales and supply of inventory is far more in synchronization with a seller’s market.
> According to the MLS Houston Hotness Index for May, Fort Bend West had 14.6% of its inventory go under contract during the month. This hotness earned the area a ranking of 24 on the May Houston Hotness Index out of 44 areas listed. The list price/sales price ratio of homes in the area is 98% [meaning that on average, a seller could expect a reasonably priced home to sell for 98% of the list price]. Average price per square foot in the area is $73.

Fort Bend Southwest Area 30

> Single family home sales in the Southwest Fort Bend area are up by 8.5% over May YTD 2005, with 537 recorded home sales YTD.
> Contracts initiated May YTD 2006 are also up by 4%, or 387 total units.
> Listings are down by 8% in the Fort Bend Southwest area with 567 listings currently on the market in comparison to 617 last year.
> Average sales price for the Fort Bend Southwest area is up by 4% over May YTD 2005 and is currently $194,163.
> The Fort Bend Southwest area currently has 5.2 Months of Inventory, meaning if no other listings were taken, it would take 5.2 months to deplete the current supply of homes. Last year, there were 6.2 months of inventory, so the speed of sales and dwindling supply of inventory equal a seller’s market.
> According to the MLS Houston Hotness Index for May, Fort Bend Southwest had 18.3% of all inventory go under contract during the month of May, earning a ranking of #9 out of 44 on the Hotness Index..
> The list price/sales price ratio of homes in the area is 97% [meaning a seller could expect a reasonably priced home to sell for 97% of the list price]. Average price per square foot in the area is $77.

Katy / Cinco Ranch Area 36

• The Katy/Cinco Ranch Area was Number 1 on the Houston Hotness Index for May 2006! 28.1% of all active listings went under contract during that one month.
• The area has experienced 1109 homes sales YTD or a 10% increase over May YTD 2005.
• There has been an 8% increase in average sales price, which currently stands at $229,885.
• The Katy / Cinco Ranch area has experienced a 5.68% increase in pending sales for a total of 819 YTD.
• There is a shortage of homes on the market as the area experienced a 25% decline in listings. There are currently 791 homes on the market.
• The market has 3.2 months supply of inventory, which indicates an appreciating market, as opposed to 5.1 months of inventory last year.
• Real estate markets don’t get much better than this in Houston!

Galveston County Area 33

> Single-family home sales in Galveston County were up 18% May YTD 2006 over the previous year during the same time frame with 1,601 home sales recorded in the Houston MLS year to date. There were 1,359 closed home sales last year during the same time frame.
> Pending contracts recorded May YTD 2006 were up by 13% compared to last year. Pending units recorded year-to-date currently stand at 1,170 units whereas last year, pending units were 1.031.
> Galveston Homes on the Market reached 2,176 units in May 2006 and are up by 34% over last year, where inventory was 1,622.
> Galveston County’s average sales price is $181,666 and that figure is up by 11% over last year.
> Galveston County currently has 7.1 months of inventory. Last year, Months of inventory was 5.9. Days on the market [DOM] to sell a home in Galveston County is currently 81 and that is less than last year’s 86 DOM.
> While Galveston County has experienced a great market, with an 18% increase in sales, a 34% increase in supply is cause for concern. Listings should be precision priced at its current 96% list price/sales price ratio or higher and in showcase condition to attract the best offer.
> The Houston Hotness Index for May ranked Galveston County #35 out of 44 in terms of hotness because 12.2% of all listings went under contract during that one month.

Hempstead East Area 10

> Single-family home sales are up by only 58 units in the East Hempstead area over May YTD 2005 with 1064 home sales recorded in MLS year to date. There were 1006 single-family home sales last year during the same time frame.
> Pending contracts displayed an increase over May 2005 by 10%. Pending units recorded year-to-date currently stand at 766 whereas last year, pending units were at 696.
Hempstead East Homes on the Market are down by 15% over last year. There are currently 1,027 homes on the market as compared to 1,203 last year.
> The average sales price is $182,231 and that figure is 6.58% higher than last year’s $170,979.
> The area is mirroring a seller’s market with 4.6 months of inventory. Last year, Months of inventory was still indicative of a sellers’ market with 5.5 months of inventory. Days on the market to sell a home in the Hempstead East area are currently 83, and last year, it was 90.
> In May 2006, the Hempstead East area was #21 on the Houston Hotness Index because 15.7% of all listings went under contract during the month.


Kingwood Area 32

> Single-family home sales are up in Kingwood over May 2005 by 98 units or 22% with 543 home sales recorded in MLS year to date compared to 445 closed last year during the same time frame.
> Pending contracts really displayed an increase over May YTD 2005 by experiencing a 34% increase in May YTD 2006. Pending units recorded year-to-date currently stand at 419 whereas last year, pending units were at 312.
> Kingwood Homes on the Market are down by 24% over last year. There are currently 440 homes on the market in Kingwood as compared to 579 last year.
> Kingwood average sales price is $198,244 and that figure is up by 6.21% over last year.
> Kingwood represents a seller’s market with 4 months of inventory. Last year, Months of inventory were 6.1. Days on the market to sell a home in Kingwood are currently at 73 days, and last year, it was 80.
> In May YTD 2006, Kingwood was #2 on the Houston Hotness Index because 22.6% of all listings went under contract during that one month.

Southwest Inner Loop Z 17

> Single-family home sales increased in the Inner Loop from May YTD 2005 by 31 units with 502 homes sales recorded in Houston MLS May YTD 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced an increase over last year of 16 units. Pending contracts currently stand at 241 pending sales and last year, it experienced 225 pending contracts.
> Listings have declined from this time last year by 7% and the current inventory stands at 461 homes on the market.
> Average sales price has risen by 11% since this time last year and average sales price is currently $582,672.
> The average price per square foot in the SW Inner Loop is $196 and last year the average was $185. Homes listed in the SW Inner Loop can expect to net 98% of the list price on average and sell on average after 84 days on the market.

Spring Branch Area 24

> Single-family home sales are up in the Spring Branch area by 27%! There were 419 home sales May YTD 2006 and during the same time frame last year, there were 330.
> Contracts initiated during the May YTD 2006 showed similar buoyancy with a 30% increase over last year during the same time frame. There were 212 contracts initiated last year and 276 this year. The market shows trends of continuing demand for the Summer.
> With the increased demand for single-family housing in the Spring Branch area, it is not surprising that listings have declined by 11% from this time last year. There are currently 402 active listings whereas last year, there were 451.
> The average sales price is up over this time last year by 8.5%. The current average sales price is $203,389 and last year it was $187,419.
> There are currently 4.9 months of inventory in the Spring Branch area, meaning that if no new listings came available on the market, it would take 4.9 months to sell the current supply. This represents a market far more favorable to a seller than in any other time frame, especially in light of the fact that last year the market had 6.1 months of supply.
> A home priced comparably in the market can expect to sell for an average of 97% of the list price. Homes sold year-to-date have sold for an average of $100 per square foot.
The Spring Branch area ranked 26th on the Houston Hotness Index for the month of April because 14.6% of all listings went under contract during that one month.

Tomball Area 35

> Single-family home sales have increased in Tomball from May YTD 2005 by 105 units with 577 homes sales recorded May YTD 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced an increase of 93 units. Pending contracts currently stand at 459 pending sales and last year, it experienced 366 pending contracts. This represents an increase of 25%.
> Listings have declined from this time last year by .47% and the current inventory stands at 634 homes on the market.
> Average sales price has risen 7% since this time last year and is currently $190,266.
The average price per square foot in the Tomball area is $75 and last year the average was $71.
Homes listed in the Tomball area can expect to net 97% of the list price on average and sell on average after 84 days on the market.
> The Tomball market is increasing in sales and tightening in supply of homes. With the average days on the market being reduced, from 103 days in May YTD 2005 to 84 in May YTD 2006, the pendulum has swung to a sellers’ market.

West Center Inner Loop Area 16

> Single-family home sales are up 22% in the West Center Inner Loop from May YTD 2005 over May YTD 2006 and currently 348 homes sold as compared to 2186 last year.
> Contracts written, a better indicator of buyer demand, are up by 24% from this time last year with 206 homes receiving contracts year-to-date.
> Listings in the West Center Inner Loop currently stand at 471 units and that figure is up from May YTD 2005 by 30 units, or 6.8%.
> Average sales price is slightly up by 1.79% from this time last year and is currently $528,825.
> Homes in the West Center Inner Loop sell on the average of $216 a sq. ft and last year that figure was $195. Homes that sell in the area can expect to render an average of 96% of the selling price and take approximately 82 days to sell.
> There are 7.2 months of inventory in the area. The West Center Inner Loop Area is a balanced market where neither the buyer nor seller has a greater negotiation advantage.

The Woodlands Area 15


> Single-family home sales in The Woodlands are up by 187 units in May YTD 2006 over this time last year or 13% with 1654 home sales recorded.
> Contracts written, a better indicator of “future demand”, show 1,310 pending sales have been written year-to-date. This is a 136-unit increase over that which was written May YTD 2005.
> Listings in The Woodlands are down by 18.4% with 1,561 homes on the market in May YTD 2006 as compared to 1,913 in May YTD 2005.
> Average sales price in The Woodlands is $260,718, which is 8.7% greater than May YTD 2005, which averaged $239,892.
> The Woodlands has a 4.4-month supply of inventory, which indicates the area is a seller’s market. Days on the market to sell a home has declined in The Woodlands from this time last year from 83 DOM in May YTD 2005 to 92 DOM in May YTD 2006.
> The Woodlands was ranked #3 on the Houston Hotness Index for May 2006 because 21.2% of all listings received a contract during that one month! The Woodlands is hot,hot,hot!

West Houston Area 31

> Single-family home sales in the West Houston area have increased by 10% in May YTD 2006 over May YTD 2005 and currently register 427 units sold.
> Contracts written are up from this time last year by 21% and there are currently 272 units recorded pending as opposed to 225 last year. This type of increase shows trends of a market that will continue to heat up during the summer months.
> Listings are down by 16% from this time last year with 461 homes on the market.
Average sales price YTD in the West Houston area is $301,421 and that is 11% more than May YTD 2005 average sales price of $272,350.
> Homes in the West Houston area sell at an average sales price of $112 a sq. ft. A seller can expect to sell his home for an average of 98% of the list price and take an average of 94 days on the market to sell. Months of Inventory currently stand at 5.4, representing a seller’s market.
> West Houston registered #31 on the Houston Hotness Index in May YTD because 11.7% of all current inventory went under contract during that one month.
> The increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate it is a seller’s market.
> A seller could expect to derive more from the sale of their home with this type of demand, and much less competition than found this time last year.

West Memorial Area 23

> Single-family home sales in the West Memorial area have increased by 17% in May YTD 2006 over May YTD 2005 and currently register 336 units sold.
> Contracts written are up from this time last year by 40% and there are currently 165 units recorded pending YTD as opposed to 118 last year. This type of steep increase is indicative of an even more hot market still to unfold.
> Listings are down by 24% from this time last year with 279 homes on the market.
Average sales price YTD in the West Memorial area is $639,507 and that is 4% more than May 2005 YTD average sales price of $613,799.
> Homes in the West Memorial area sell at an average sales price of $184 a sq. ft. A seller can expect to sell his home for an average of 96% of the list price and take an average of 81 days on the market to sell. Months of Inventory currently stand at 4.2, representing a seller’s market.
> West Memorial was registered #27 on the Houston Hotness Index in May because 14.5% of all current inventory went under contract during that one month.
> The steep increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate that it is a seller’s market.

April YTD 2006 – Single-family home sales in Houston

YTD Review of the Market for Houston and surrounding areas:

http://www.garygreene.com

Houston Overall Statistics April YTD 2006

>Single-family home sales are up by 13% in sold units over April YTD 2005 sales with 20,543 MLS recorded sold units,
>Dollar volume sold in MLS through April YTD 2006 is $3,915,464,492 which is a 20% increase in dollar volume sold over last year.
>Average sales price YTD is $190,598 or 6% greater than this time last year.
>Active listings are down by 2% with 29,080 single-family homes on the market.
>Contracts written, which represent April YTD buyer demand in Houston are up 10% over this time last year with 15,667 homes that have gone under contract.
>Average sales price per square foot is $85, which is 5% greater than last year.
>Days on the Market, a statistic that is good if it is declining has gone down by 5% since last year and the average time to sell a home in Houston is 83 days.
>With sales and contracts pending on the upswing in the first four months of the year, and active listings and days on the market on the decline, home price appreciation, even in single digit denominations, is a high probability.

Atascocita – Area 1

>Single-family home sales in the Atascocita area have risen 29.34% over April YTD 2005. The market has experienced 820 home sales since the beginning of the year and last year there were 634 during the same time frame.
>Contracts initiated this first 4 months of the year are 25% greater than those found a year ago. There have been 684 units go under contract and last year there were 548. This statistic indicates that the market will continue to strengthen as summer approaches.
>Listings are also up by 13% and there are currently 1,211 units on the market as compared to 1,074 last year.
>Average sales price YTD has risen 11% and currently stands at $164,450, and last year the average sales price was $148,260.
>The Atascocita area currently has 6 months of inventory, an improvement from last years 6.2 months. Months of inventory is an indicator of the status of the market. Currently, if no new listings came on the market, it would take 6 months to deplete the current supply, whereas last year, it would have taken 6.2 months. A market with 6 months or less inventory is categorized as a sellers’ market.
>In April 2006, the Atascocita area was #9 on the Houston Hotness Index because 16.1% of its’ entire inventory went under contract during that one month. It is evident from the data that Atascocita is one of the best market sectors in Greater Houston in terms of buyer demand and that is good news for sellers in the area.


Bear Creek – Area 8

· Sales have experienced a healthy 10% increase in the Bear Creek Market area over April YTD 2005 with 847 MLS recorded home sales!
· Listings are DOWN in the Bear Creek Market area by 8.85% over this time last year with 1,092 homes listed and on the market.
· Contracts pending are up by 9 units with 643 homes receiving contracts. April YTD 2005 contracts written registered at 634.
· Average sales price is also higher than last years’ average sales price and currently stands at $165,060, an increase of 6.48%. Last year, average sales price was $155,031.
· The Bear Creek Market area currently has 4.7 months of inventory, which is a considerable improvement in supply. Last year, the Bear Creek Market had 5.5 months of inventory. This is a sellers’ market and one of the best times ever in Houston history to sell a home in Bear Creek!
· In April 2006, 14.8% of all listings in the Bear Creek area received a contract during the month, according to the Houston Hotness Index!




Clear Lake Area 7

>Clear Lake single-family home sales have increased by 16 units over April YTD 2005 with 680 homes sold in 2006 as compared to 664 last year.
>Contracts written and pending to close year-to-date are 5 units behind last year for a total of 505 MLS recorded pending sales.
>Homes listed and on the market in Clear Lake are up by 6% from this time last year with 808 single-family homes on the market today as compared to 763 last year. >Clear Lake’s Average sales price is up by .57% and currently stands at $170,340, as compared to $169,369 last year during the same time frame.
>Days on the market register at 74, which represents one less day than it took to sell a home last year.
>Clear Lake was ranked #7 on the April Houston Hotness Index because 16.3% of all its’ listings went under contract during that one month!

North Area 12
· Sales in the North Market area in April YTD 2006 have increased by 11 units or 2% in comparison to 2005. The area recorded 537 closed single-family home sales and in 2005 experienced 526.
· Listings are down in the North Market area by 2.35% over this time last year with 788 homes listed and on the market.
· Contracts pending are down by 5.62% with 420 homes receiving contracts in April YTD 2006. Contracts pending April YTD of last year registered at 445.
· Average sales price is slightly higher than last years’ average sales price and currently stands at $119,937 representing an increase of 3.47%. Last year, average sales price was $115,916.
· The North Market area currently has 5.4 months of inventory. Last year, the North Market had 5.8 months of inventory, an improvement in supply.
· A home seller in the North Market can expect to sell a comparably priced home for an average of 98% of the list price. The average price per square foot in the North area is $60.


Northwest 13

· Sales have increased dramatically in the Northwest Market area in comparison to April YTD 2005 by 17.27% with 998 MLS recorded home sales!
· Listings are DOWN in the Northwest area by 13% over this time last year with 1,422 homes listed and on the market.
· Contracts pending are up by 7% with 809 homes receiving contracts YTD through April 2006. Contracts pending April YTD last year registered at 758.
· Average sales price is also higher than last years’ average sales price and currently stands at $171,639 representing an increase of 5.23% Last year, average sales price was $171,639.
· The Northwest Market area currently has 5.1 months of inventory. Last year, the Northwest Market had 6.8 months of inventory, which is a considerable improvement in supply.
· In April 2006, 14.3% of all listings in the Northwest area received a contract during the month, according to the Houston Hotness Index!

Far Northwest 14

· Sales have increased dramatically in the Far Northwest area over April YTD 2005 by 24.31% with 588 MLS recorded home sales!
· Listings are DOWN in the Far Northwest Market area by 8.64% over this time last year with 761 homes listed and on the market.
· Contracts pending are up by 19.65% with 475 homes receiving contracts YTD through April 2006. Contracts pending April YTD last year registered at 397.
· Average sales price is also higher than last years’ average sales price and currently stands at $191,236 representing an increase of 9% Last year, average sales price was $175,083.
· The area currently has 5 months of inventory. Last year, the Far Northwest Market had 6.8 months of inventory, which is a considerable improvement in supply.
· In April 2006, 15.5% of all listings in the area received a contract during the month, according to the Houston Hotness Index!



Conroe – Montgomery County NW – Area 39

· Sales are up by 24 in NW Montgomery County from this time last year over April YTD 2006 with 441 homes sales recorded in MLS as compared to 356 last year.
· Contracts written year-to-date are up 26.72% with 332 recorded pending contracts year-to-date as opposed to 262 last year.
· Listings are up over this time last year by 1.2%. There are currently 925 homes on the market in the area.
· Average sales price is up over last year [1.82%] and currently stands at $206,956.
· The area has 7.7 months of inventory as compared to 9.2 last year, which is an improvement in home supply. The average price per square foot is $90 and days to sell a home are 109, which is down from last years’ 123.
· The Houston Hotness Index indicates that the Conroe area sold 9.3% of its supply in the month of April.

East / Wood forest Area 2

· Sales are up in the East by 6% in April YTD 2006 with 774 homes sales recorded in MLS as compared to 730 last year.
· Contracts written year-to-date are down slightly by 1.51% or a total of 654 units recorded in MLS as pending contracts in April YTD 2006 as opposed to 664 last year.
· Listings are up over this time last year by 26 units or 2.48%. There are currently 1,073 homes on the market in the area.
· Average sales price is up over last year [3.07%] and currently stands at $97,633.
· The area has 5.5 months of inventory, the same as last year. The average price per square foot is $59 and days on market to sell a home are 85, which is down from last years’ 81.



Fort Bend Sugar Land Z 29

> Sugar Land has experienced a 4% increase in single-family home sales over April YTD 2005 with 568 home sales as compared to 547 home sales last year.
> Contracts written in Sugar Land are down by 66 units with 343 units pending to close.
> Sugar Land’s average sales price is up by 2% over April 2005 and now stands at $227,701 as compared to last year’s $223,065.
> Sugar Land homes on the market are down by 24% with 545 homes on the market as compared to last year’s 714.
> There are 3.2 months of inventory in Sugar Land as compared to last year’s 4.1 months of inventory, and that makes for a very healthy seller’s market. It takes 68 days on average to sell a home in Sugar Land, which is the same number of days that it took last year.
> Sugar Land area [Z29] ranked Number 12 on the Houston Hotness Index in April, with 15.5% of its listings receiving a contract during that one month.
> Sugar Land will continue to heat up throughout the summer! It is a great time to sell your home in Sugar Land due to its’ higher average sales price, higher, and far fewer homes on the market than found last year! The decline in the number of homes on the market is far greater than the decline in pending sales, so Sugar Land is well-positioned for a great summer market.

Fort Bend Missouri City Z 38

>Missouri City has experienced 57 more home sales in April YTD 2006 as it did in 2005 with 564 home sales recorded in the Houston Association of Realtors® Multiple Listing Service.
>Contracts written in Missouri City are up by 8 units in comparison to April YTD 2005 and now records 426 units YTD recorded as pending to close.
>Missouri City’s average sales price jumped up 11% over year-to-date April 2005 and now stands at $170,645 as compared to last year’s $149,195.
>Missouri City homes on the market are up by 8% with 816 homes on the market as compared to last year’s 759.
>There are 5.5 months of inventory in Missouri City as compared to last year’s 5.2, and that still makes a healthy seller’s market. It takes 82 days on average to sell a home in Missouri City whereas last year, it took 84.
>According to the April Houston Hotness Index, the Missouri City area [Z38] had 12.8% of all listings receive contracts during the month the month of April.
>Missouri City’s increase in contracts written YTD through April, and its’ higher average sales price over last year, you can expect the market to outpace last year’s market even though last year was a very good year.

Fort Bend West Area 37

>Single family home sales in the West Fort Bend area are up by 11% over April YTD 2005, with 612 recorded home sales YTD.
>Contracts initiated April YTD 2006 are even with last years’ contract initiated with 440 homes pended during this year-to-date and last.
>Listings are down by 5% in the Fort Bend West area with 820 listings currently on the market in comparison to 861 last year.
>Average sales price for the Fort Bend West area has risen by 6% over April YTD 2005 and is currently $174,214.
>The Fort Bend West area currently has 4.7 Months of Inventory, meaning if no other listings were taken, it would take 4.7 months to deplete the current supply of homes. Last year, there was 6.2 months of inventory, so the speed of sales and supply of inventory is far more in synchronization with a seller’s market.
>According to the MLS Houston Hotness Index for April, Fort Bend West had 13.5% of its inventory go under contract during the month. The list price/sales price ratio of homes in the area is 98% [meaning that on average, a seller could expect a reasonably priced home to sell for 98% of the list price]. Average price per square foot in the area is $73.

Fort Bend Southwest Area 30

> Single family home sales in the Southwest Fort Bend area are up by 12% over April YTD 2005, with 402 recorded home sales YTD.
> Contracts initiated April YTD 2006 are also down by 5%, or 276 total units.
> Listings are down by 8% in the Fort Bend Southwest area with 557 listings currently on the market in comparison to 605 last year.
> Average sales price for the Fort Bend Southwest area is up by 4% over April YTD 2005 and is currently $191,102.
> The Fort Bend Southwest area currently has 5.1 Months of Inventory, meaning if no other listings were taken, it would take 5.1 months to deplete the current supply of homes. Last year, there were 6.1 months of inventory, so the speed of sales and dwindling supply of inventory are the ingredients of a seller’s market.
> According to the MLS Houston Hotness Index for April, Fort Bend Southwest had 8% of all inventory go under contract during the month of April.
> The list price/sales price ratio of homes in the area is 97% [meaning a seller could expect a reasonably priced home to sell for 97% of the list price]. Average price per square foot in the area is $76.

Katy / Cinco Ranch Area 36
• The Katy/Cinco Ranch Area was Number 1 on the Houston Hotness Index for April 2006! 19% of all active listings went under contract during that one month.
• The area has experienced 810 homes sales YTD or a 17.22% increase over April YTD 2005.
• There has been a 7.68% increase in average sales price, which currently stands at $223,745.
• The Katy / Cinco Ranch area has experienced a 3% increase in pending sales for a total of 601 YTD.
• There is a shortage of homes on the market as the area experienced a 25% decline in listings. There are currently 810 homes on the market.
• The market has 3.2 months supply of inventory, which indicates an appreciating market, as opposed to 5.2 months of inventory last year.
• Real estate markets don’t get much better than this in Houston!

Galveston County Area 33

> Single-family home sales in Galveston County were up 17.5% April YTD 2006 over the previous year during the same time frame with 1,196 home sales recorded in the Houston MLS year to date. There were 1,018 closed home sales last year during the same time frame.
> Pending contracts recorded April YTD 2006 were up by 12% compared to last year. Pending units recorded year-to-date currently stand at 878 units whereas last year, pending units were 784.
> Galveston Homes on the Market reached 2,120 units in April 2006 and are up by 31.5% over last year, where inventory was 1,612.
> Galveston County’s average sales price is $179,767 and that figure is up by 11% over last year.
> Galveston County currently has 7 months of inventory. Last year, Months of inventory was 5.9. Days on the market [DOM] to sell a home in Galveston County is currently 82 and that is less than last year’s 89 DOM.
> While Galveston County has experienced a great market, a 31.5% rise in inventory with a 17% increase in sales, indicates that listings should be precision priced at its current 96% list price/sales price ratio or higher.

Hempstead East Area 10

> Single-family home sales are up by only 27 units in the East Hempstead area over April YTD 2005 with 776 home sales recorded in MLS year to date. There were 749 single-family home sales last year during the same time frame.
> Pending contracts displayed an increase over April 2005 by 8.47%. Pending units recorded year-to-date currently stand at 602 whereas last year, pending units were at 555.
> Hempstead East Homes on the Market are down by 14% over last year. There are currently 1,023 homes on the market as compared to 1,187 last year.
> The average sales price is $178,770 and that figure is just slightly higher than last year’s $170,836.
> The area is mirroring a seller’s market with 4.6 months of inventory. Last year, Months of inventory was still indicative of a sellers’ market with 5.5 months of inventory. Days on the market to sell a home in the Hempstead East area are currently 88, and last year, it was 92.
> In April 2006, the Hempstead East area was #5 on the Houston Hotness Index because 3.6% of all listings went under contract during the month.


Kingwood Area 32

> Single-family home sales are up in Kingwood over April 2005 by 79 units or 25% with 391 home sales recorded in MLS year to date compared to 12 closed last year during the same time frame.
> Pending contracts really displayed an increase over April YTD 2005 by experiencing a 34% increase in April YTD 2006. Pending units recorded year-to-date currently stand at 315 whereas last year, pending units were at 234.
> Kingwood Homes on the Market are down by 23.42% over last year. There are currently 435 homes on the market in Kingwood as compared to 568 last year.
> Kingwood average sales price is $197,300 and that figure is up by 4.25% over last year.
> Kingwood represents a seller’s market with 3.9 months of inventory. Last year, Months of inventory were 6. Days on the market to sell a home in Kingwood are currently at 75 days, and last year, it was 81.
> In April YTD 2006, Kingwood was #2 on the Houston Hotness Index because 18.9% of all listings went under contract during that one month.

Southwest Inner Loop Z 17

> Single-family home sales increased in the Inner Loop from April YTD 2005 by 10 units with 353 homes sales recorded in Houston MLS April YTD 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced an increase over last year of 9 units. Pending contracts currently stand at 187 pending sales and last year, it experienced 178 pending contracts.
> Listings have declined from this time last year by 6% and the current inventory stands at 457 homes on the market.
> Average sales price has risen by 8.2% since this time last year and average sales price is currently $563,253.
> The average price per square foot in the SW Inner Loop is $192 and last year the average was $182.
> Homes listed in the SW Inner Loop can expect to net 98% of the list price on average and sell on average after 83 days on the market.

Spring Branch Area 24

> Single-family home sales are up in the Spring Branch area by 23.46%! There were 300 home sales April YTD 2006 and during the same time frame last year, there were 243.
> Contracts initiated during the April YTD 2006 showed similar buoyancy with a 30% increase over last year during the same time frame. There were 213 contracts initiated last year and 164 this year. The market shows trends of continuing demand for the Spring and Summer.
> With the increased demand for single-family housing in the Spring Branch area, it is not surprising that listings have declined by 11.5% from this time last year. There are currently 394 active listings whereas last year, there were 445.
> The average sales price is up over this time last year by 11%. The current average sales price is $200,544 and last year it was $181,488.
> There are currently 4.9 months of inventory in the Spring Branch area, meaning that if no new listings came available on the market, it would take 4.9 months to sell the current supply. This represents a market far more favorable to a seller than in any other time frame, especially in light of the fact that last year the market had 6 months of supply.
> A home priced comparably in the market can expect to sell for an average of 97% of the list price. Homes sold year-to-date have sold for an average of $98 per square foot.
> The Spring Branch area ranked 16th on the Houston Hotness Index for the month of April because 15.4% of all listings went under contract during that one month.

Tomball Area 35

> Single-family home sales have increased in Tomball from April YTD 2005 by 75 units with 409 homes sales recorded April YTD 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced an increase of 52 units. Pending contracts currently stand at 337 pending sales and last year, it experienced 285 pending contracts. This represents an increase of 18.25%.
> Listings have declined from this time last year by 2% and the current inventory stands at 621 homes on the market.
> Average sales price has risen by 5.72% since this time last year and is currently $187,232.
> The average price per square foot in the Tomball area is $75 and last year the average was $71.
> Homes listed in the Tomball area can expect to net 97% of the list price on average and sell on average after 92 days on the market.
> The Tomball market is increasing in sales and tightening in supply of homes. With the average days on the market being reduced, from 106 days in April YTD 2005 to 92 in April YTD 2006, the pendulum has swung to a sellers’ market.

West Center Inner Loop Area 16

> Sales are up 20% in the West Center Inner Loop from April YTD 2005 over April YTD 2006 and currently 255 homes sold as compared to 212 last year.
> Contracts written, a better indicator of buyer demand, are up by 25.78% from this time last year with 161 homes receiving contracts year-to-date.
> Listings in the West Center Inner Loop currently stand at 470 units and that figure is up from April YTD 2005 by 30 units, or 6.82%.
> Average sales price is slightly down by 6.49% from this time last year and is currently $495,336.
> Homes in the West Center Inner Loop sell on the average of $208 a sq. ft and last year that figure was $198. Homes that sell in the area can expect to render an average of 95% of the selling price and take approximately 83 days to sell.
> There are 7.2 months of inventory in the area. The West Center Inner Loop Area is a balanced market where neither the buyer nor seller has a greater negotiation advantage.

The Woodlands Area 15


> Single-family home sales in The Woodlands are up by 160 units in April YTD 2006 over this time last year or 15% with 1208 home sales recorded.
> Contracts written, a better indicator of “future demand”, show 968 pending sales have been written year-to-date. That is a 102-unit increase over that which was written April YTD 2005.
> Listings in The Woodlands are down by 19% with 1,548 homes on the market in April YTD 2006 as compared to 1,913 in April YTD 2005.
> Average sales price in The Woodlands is $251,797, which is 5.32% greater than April YTD 2005, which averaged $239,085.
> The Woodlands has a 4.4-month supply of inventory, which indicates the area is a seller’s market. Days on the market to sell a home has declined in The Woodlands from this time last year from 83 DOM in April YTD 2005 to 95 DOM in April YTD 2006.

West Houston Area 31
> Single-family home sales in the West Houston area have increased by 16.61% in April YTD 2006 over April YTD 2005 and currently register 337 units sold.
> Contracts written are up from this time last year by 18.33% and there are currently 213 units recorded pending as opposed to 180 last year. This type of increase shows trends of a market that will continue to heat up during the summer months.
> Listings are down by 16.67% from this time last year with 450 homes on the market.
> Average sales price YTD in the West Houston area is $307,314 and that is 14.53% more than April YTD 2005 average sales price of $268,328.
> Homes in the West Houston area sell at an average sales price of $112 a sq. ft. A seller can expect to sell his home for an average of 98% of the list price and take an average of 102 days on the market to sell. Months of Inventory currently stand at 5.3, representing a seller’s market.
> West Houston registered on the Houston Hotness Index in April YTD because 9.4% of all current inventory went under contract during that one month.
> The increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate that if ever there was a time to sell a home in West Houston, it is now.
> Why? A seller could expect to derive more from the sale of their home in a market displaying high demand, rising sales prices and much less competition than found this time last year.


West Memorial Area 23

> Single-family home sales in the West Memorial area have increased by 2.12% in April YTD 2006 over April YTD 2005 and currently register 193 units sold.
> Contracts written are up from this time last year by 45% and there are currently 126 units recorded pending YTD as opposed to 87 last year. This type of steep increase is indicative of an even more hot market still to unfold.
> Listings are down by 22% from this time last year with 281 homes on the market.
Average sales price YTD in the West Memorial area is $628,799 and that is 1.65% more than April 2005 YTD average sales price of $618,601.
> Homes in the West Memorial area sell at an average sales price of $180 a sq. ft. A seller can expect to sell his home for an average of 96% of the list price and take an average of 85 days on the market to sell. Months of Inventory currently stand at 4.3, representing a seller’s market.
> West Memorial was registered on the Houston Hotness Index in April because 13.1% of all current inventory went under contract during that one month.
> The steep increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate that it is a seller’s market. If ever there was a time to sell a home in Memorial, it is now.
> Why? A seller could expect to derive more from the sale of their home in a market displaying high demand, rising sales prices and much less competition than found this time last year.

First Quarter2006 – Single-family home sales
YTD Review of the Market for Houston and surrounding areas:

Houston Overall Statistics March YTD 2006
>Single-family home sales are up by 17% in sold units over Third Quarter YTD 2005 sales with 14,844 MLS recorded sold units,
>Dollar volume sold in MLS through First Quarter 2006 is $2,805,044,990 which is a 26% increase in dollar volume sold over last year.
>Average sales price YTD is $188,968 or 7% greater than this time last year.
>Active listings are down by 2% with 28,839 single-family homes on the market.
>Contracts written, which represent First Quarter buyer demand in Houston are up 14% over this time last year with 11,576 homes that have gone under contract.
>Average sales price per square foot is $84, which is 5% greater than last year.
>Days on the Market, a statistic that is good if it is declining has gone down by 5% since last year and the average time to sell a home in Houston is 86 days.
>With sales and contracts pending on the upswing in the first quarter of the year, and active listings and days on the market on the decline, home price appreciation, even in single digit denominations, is a high probability.

Bear Creek – Area 8

· Sales have experienced a healthy 16% increase in the Bear Creek Market area over First Quarter 2005 with 603 MLS recorded home sales!
· Listings are DOWN in the Bear Creek Market area by 8% over this time last year with 1,089 homes listed and on the market.
· Contracts pending are up by 32 units with 480 homes receiving contracts. First Quarter contracts written last year registered at 448.
· Average sales price is also higher than last years’ average sales price and currently stands at $161,495, an increase of 4%. Last year, average sales price was $155,045.
· The Bear Creek Market area currently has 4.7 months of inventory, which is a considerable improvement in supply. Last year, the Bear Creek Market had 5.4 months of inventory. This is a sellers’ market and one of the best times ever in Houston history to sell a home in Bear Creek!
· In March 2006, 17.5% of all listings in the Bear Creek area received a contract during the month, according to the Houston Hotness Index!

Clear Lake Area 7

> Clear Lake single-family home sales have increased by 13 units over First Quarter 2005 with 489 homes sold in 2006 as compared to 476 last year.
> Contracts written and pending to close year-to-date are 13 units ahead of last year for a total of 364 MLS recorded pending sales.
> Homes listed and on the market in Clear Lake are up by 6% from this time last year with 788 single-family homes on the market today as compared to 745 last year.
> Clear Lake’s Average sales price is up by 2.6% and currently stands at $172,054, as compared to $167,686 last year during the same time frame.
> Days on the market register at 79, which represents the same number of days it took to sell a home as it did last year.
> Clear Lake was ranked #14 on the March Houston Hotness Index because 16.2% of all its’ listings went under contract during that one month!

North Area 12
· Sales in the North Market area in the First Quarter of 2006 have declined by 3 units in comparison to 2005. The area recorded 384 closed single-family home sales and in 2005 experienced 387.
· Listings are down in the North Market area by 1% over this time last year with 782 homes listed and on the market.
· Contracts pending are up by 3.5% with 317 homes receiving contracts in the First Quarter of 2006. Contracts pending in the First Quarter of last year registered at 306.
· Average sales price is slightly higher than last years’ average sales price and currently stands at $117,307 representing an increase of 2.4%. Last year, average sales price was $114,574.
· The North Market area currently has 5.4 months of inventory. Last year, the North Market had 5.7 months of inventory, an improvement in supply.
· A home seller in the North Market can expect to sell a comparably priced home for an average of 98% of the list price. The average price per square foot in the North area is $61.

Northwest 13

· Sales have increased dramatically in the Northwest Market area in comparison to First Quarter 2005 by 29.34% with 745 MLS recorded home sales!
· Listings are DOWN in the Northwest area by 11% over this time last year with 1,405 homes listed and on the market.
· Contracts pending are up by 7% with 599 homes receiving contracts YTD through First Quarter 2006. Contracts pending in the First Quarter last year registered at 560.
· Average sales price is also higher than last years’ average sales price and currently stands at $168,235 representing an increase of 4.1% Last year, average sales price was $161,564.
· The Northwest Market area currently has 5.1 months of inventory. Last year, the Northwest Market had 6.6 months of inventory, which is a considerable improvement in supply.
· In March 2006, 16.2% of all listings in the Northwest area received a contract during the month, according to the Houston Hotness Index!

Far Northwest 14

· Sales have increased dramatically in the Far Northwest area over First Quarter 2005 by 32.22% with 435 MLS recorded home sales!
· Listings are DOWN in the Far Northwest Market area by 7.42% over this time last year with 749 homes listed and on the market.
· Contracts pending are up by 26% with 352 homes receiving contracts YTD through First Quarter 2006. Contracts pending First Quarter last year registered at 280.
· Average sales price is also higher than last years’ average sales price and currently stands at $185,261 representing an increase of 4.6% Last year, average sales price was $177,162.
· The area currently has 5 months of inventory. Last year, the Far Northwest Market had 6.7 months of inventory, which is a considerable improvement in supply.
· In March 2006, 15.7% of all listings in the area received a contract during the month, according to the Houston Hotness Index!

Conroe – Montgomery County NW – Area 39

· Sales are up by 25.51% in NW Montgomery County from this time last year over First Quarter 2006 with 310 homes sales recorded in MLS as compared to 247 last year.
· Contracts written year-to-date are up 29% with 244 recorded pending contracts year-to-date as opposed to 189 last year.
· Listings are up over this time last year by 2.11%. There are currently 918 homes on the market in the area.
· Average sales price is up over last year [12%] and currently stands at $217,218.
· The area has 7.7 months of inventory as compared to 9 last year, which is an improvement in home supply. The average price per square foot is $93 and days to sell a home are 110, which is down from last years’ 123.
· The Houston Hotness Index indicates that the Conroe area sold 8.6% of its supply in the month of March.

East / Wood forest Area 2

· Sales are up in the East by 11% in First Quarter 2006 with 567 homes sales recorded in MLS as compared to 510 last year.
· Contracts written year-to-date are up by 7% or a total of 495 units recorded in MLS as pending contracts in First Quarter 2006 as opposed to 462 last year.
· Listings are up over this time last year by 23 units or 2%. There are currently 1,072 homes on the market in the area.
· Average sales price is up over last year [2.5%] and currently stands at $96,457.
· The area has 5.5 months of inventory, the same as last year. The average price per square foot is $59 and days on market to sell a home are 85, which is down from last years’ 83.


Fort Bend Sugar Land Z 29

> Sugar Land has experienced a 10% increase in single-family home sales over First Quarter 2005 with 417 home sales as compared to 379 home sales last year.
> Contracts written in Sugar Land are down by 26 units with 256 units pending to close.
> Sugar Land’s average sales price is up by 4.8% over First Quarter 2005 and now stands at $223,252 as compared to last year’s $213,013.
> Sugar Land homes on the market are down by 23% with 540 homes on the market as compared to last year’s 699.
> There are 3.1 months of inventory in Sugar Land as compared to last year’s 4 months of inventory, and that makes for a very healthy seller’s market. It takes 71 days on average to sell a home in Sugar Land, which is the same number of days that it took last year.
> Sugar Land area [Z29] ranked Number 20 on the Houston Hotness Index in March, with 15.1% of its listings receiving a contract during the month.
> Sugar Land will continue to heat up throughout the summer! It is a great time to sell your home in Sugar Land due to its’ higher average sales price, higher, increased number of sales and less competition [fewer homes on the market] than found last year ! Look for 2006 to be Sugar Land’s grandest year in single-family home sales!

Fort Bend Missouri City Z 38

> Missouri City has experienced 40 more home sales in the First Quarter 2006 as it did in 2005 with 402 home sales recorded in the Houston Association of Realtors® Multiple Listing Service.
> Contracts written in Missouri City are up by 27 units in comparison to First Quarter 2005 and now records 319 units pending to close.
> Missouri City’s average sales price jumped up 18% over year-to-date First Quarter 2005 and now stands at $175,758 as compared to last year’s $149,454.
> Missouri City homes on the market are up by 8% with 809 homes on the market as compared to last year’s 749.
> There are 5.5 months of inventory in Missouri City as compared to last year’s 5.1, and that still makes a healthy seller’s market. It takes 87 days on average to sell a home in Missouri City whereas last year, it took 82.
> According to the March Houston Hotness Index, the Missouri City area [Z38] had 13.2% of all listings receive contracts during the month.
> With Missouri City’s increase in buyer demand [contracts written] YTD through March, and its jump in average sales price, you can expect the market to outpace last year’s market even though last year was a very good year.

Fort Bend West Area 37

> Single family home sales in the West Fort Bend area are up by 18% over First Quarter 2005, with 452 recorded home sales YTD.
> Contracts initiated First Quarter 2006 are also up by 5%, or 322 units and that indicates that demand is rising for the area.
> Listings are down by 3.26% in the Fort Bend West area with 802 listings currently on the market in comparison to 829 last year.
> Average sales price for the Fort Bend West area has risen by 6% over First Quarter 2005 and is currently $177,574.
> The Fort Bend West area currently has 4.6 Months of Inventory, meaning if no other listings were taken, it would take 4.6 months to deplete the current supply of homes. Last year, there was 6.1 months of inventory, so the speed of sales and supply of inventory is far more in synchronization with a seller’s market.
> According to the MLS Houston Hotness Index for March, Fort Bend West had 14.2% of its inventory go under contract during the month. The list price/sales price ratio of homes in the area is 97% [meaning that on average, a seller could expect a reasonably priced home to sell for 97% of the list price]. Average price per square foot in the area is $73.


Fort Bend Southwest Area 30

> Single family home sales in the Southwest Fort Bend area are up by 9% over First Quarter 2005, with 289 recorded home sales YTD.
> Contracts initiated First Quarter 2006 are also up by 6.6%, or 211 total units and that indicates that demand is rising for the area.
> Listings are down by 7% in the Fort Bend Southwest area with 543 listings currently on the market in comparison to 584 last year.
> Average sales price for the Fort Bend Southwest area is up by 4% over First Quarter 2005 and is currently $188,260.
> The Fort Bend Southwest area currently has 5 Months of Inventory, meaning if no other listings were taken, it would take 5 months to deplete the current supply of homes. Last year, there were 5.9 months of inventory, so the speed of sales and dwindling supply of inventory is far more in synchronization with a seller’s market.
> According to the MLS Houston Hotness Index for March, Fort Bend Southwest had 15.2% of all inventory go under contract during the month of March.
> The list price/sales price ratio of homes in the area is 97% [meaning a seller could expect a reasonably priced home to sell for 97% of the list price]. Average price per square foot in the area is $75.

Katy / Cinco Ranch Area 36

• The Katy/Cinco Ranch Area was Number 2 on the Houston Hotness Index for March 2006! 21.1% of all active listings went under contract.
• The area has experienced 576 homes sales YTD or a 19.75% increase over First Quarter 2005.
• There has been a 9.53% increase in average sales price, which currently stands at $224,420.
• The Katy / Cinco Ranch area has experienced a 13% increase in pending sales for a total of 445 YTD.
• There is a shortage of homes on the market as the area experienced a 24% decline in homes on the market. There are currently 786 homes on the market.
• The market has 3.2 months supply of inventory, which indicates an appreciating market, as opposed to 5.2 months of inventory last year.
• Real estate markets don’t get much better than this in Houston!

Galveston County Area 33

> Single-family home sales in Galveston County were up 23% in First Quarter 2006 over the previous First Quarter with 859 home sales recorded in the Houston MLS year to date. There were 698 closed home sales last year during the same time frame.
> Pending contracts recorded First Quarter 2006 were up by 18% compared to last year. Pending units recorded year-to-date currently stand at 662 units whereas last year, pending units were 561.
> Galveston Homes on the Market reached the 2,066 mark in March 2006 and are up by 29% over last year, where inventory was 1,596.
> Galveston County’s average sales price is $165,289 and that figure is up by 11% over last year.
> Galveston County currently has 6.8 months of inventory. Last year, Months of inventory was 5.9. Days on the market [DOM] to sell a home in Galveston County is currently 83 and that is less than last year’s 93 DOM.
> While Galveston County has experienced a great market, a 29% rise in inventory with a 23% increase in sales, indicates that listings should be precision priced at its current 96% list price/sales price ratio or higher.

Hempstead East Area 10

> Single-family home sales are up by only 23 units in the East Hempstead area over First Quarter 2005 with 553 home sales recorded in MLS year to date. There were 530 single-family home sales last year during the same time frame.
> Pending contracts displayed an increase over First Quarter 2005 by 9.67%. Pending units recorded year-to-date currently stand at 431 whereas last year, pending units were at 393.
Hempstead East Homes on the Market are down by 13% over last year. There are currently 1,019 homes on the market as compared to 1,170 last year.
> The average sales price is $178,340 and that figure is just slightly higher than last year’s $173,303.
> The area is mirroring a seller’s market with 4.6 months of inventory. Last year, Months of inventory was still indicative of a sellers’ market with 5.4 months of inventory. Days on the market to sell a home in the Hempstead East area are currently 94, and last year, it was 92.
In March 2006, the Hempstead East area made the Houston Hotness Index because 17.2% of all listings went under contract during the month.


Kingwood Area 32

> Single-family home sales are up in Kingwood over First Quarter 2005 by 67 units or 31% with 286 home sales recorded in MLS year to date compared to 219 closed last year during the same time frame.
> Pending contracts really displayed an increase over First Quarter 2005 by experiencing a 44% increase in First Quarter 2006. Pending units recorded year-to-date currently stand at 228 whereas last year, pending units were at 158.
> Kingwood Homes on the Market are down by 22% over last year. There are currently 427 homes on the market in Kingwood as compared to 548 last year.
> Kingwood average sales price is $197,940 and that figure is up by 7% over last year.
> Kingwood represents a seller’s market with 3.9 months of inventory. Last year, Months of inventory were 5.7. Days on the market to sell a home in Kingwood are currently at 78 days, and last year, it was 88.
> In First Quarter 2006, Kingwood was #3 on the Houston Hotness Index because 19.2% of all listings went under contract during that one month.

Southwest Inner Loop Z 17

> Single-family home sales increased in the Inner Loop from First Quarter 2005 by 14 units with 246 homes sales recorded in Houston MLS First Quarter 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced a decline of 9 units. Pending contracts currently stand at 119 pending sales and last year, it experienced 128 pending contracts.
> Listings have declined from this time last year by 5% and the current inventory stands at 451 homes on the market.
> Average sales price has risen by 7.7% since this time last year and average sales price is currently $549,923.
> The average price per square foot in the SW Inner Loop is $192 and last year the average was $179.
> Homes listed in the SW Inner Loop can expect to net 98% of the list price on average and sell on average after 77 days on the market.

Spring Branch Area 24

> Single-family home sales are up in the Spring Branch area by 28%! There were 211 home sales First Quarter 2006 and during the same time frame last year, there were 165.
> Contracts initiated during the First Quarter of 2006 showed similar buoyancy with a 29% increase over last year during the same time frame. There were 152 contracts initiated last year and 118 this year. The market shows trends of continuing demand for the Spring and Summer.
> With the increased demand for single-family housing in the Spring Branch area, it is not surprising that listings have declined by 10% from this time last year. There are currently 394 active listings whereas last year, there were 438.
> The average sales price is up over this time last year by 11%. The current average sales price is $203,778 and last year it was $183,133.
> There are currently 4.9 months of inventory in the Spring Branch area, meaning that if no new listings came available on the market, it would take 4.9 months to sell the current supply. > This represents a market far more favorable to a seller than in any other time frame, especially in light of the fact that last year the market had 5.9 months of supply.
> A home priced comparably in the market can expect to sell for an average of 97% of the list price. Homes sold year-to-date have sold for an average of $98 per square foot.
> The Spring Branch area ranked 27th on the Houston Hotness Index for the month of March because 14.1% of all listings went under contract during that one month.


Tomball Area 35

> Single-family home sales have increased in Tomball from First Quarter 2005 by 28 units with 252 homes sales recorded in Houston First Quarter 2006.
> Pending contracts, which represent buyer demand year-to-date, has experienced an increase of 33 units. Pending contracts currently stand at 228 pending sales and last year, it experienced 195 pending contracts. This represents an increase of 16%.
> Listings have declined from this time last year by 5% and the current inventory stands at 606 homes on the market.
> Average sales price has risen by 5.2% since this time last year and is currently $184,899.
The average price per square foot in the Tomball area is $74 and last year the average was $71.
> Homes listed in the Tomball area can expect to net 97% of the list price on average and sell on average after 90 days on the market.
> The Tomball market is increasing in sales and tightening in supply of homes. With the average days on the market being reduced so dramatically, from 108 days in First Quarter 2005 to 90 in First Quarter 2006, the pendulum has swung to a sellers’ market.

West Center Inner Loop Area 16

> Sales are up 27% in the West Center Inner Loop from First Quarter 2005 over First Quarter 2006 and currently 191 homes sold as compared to 150 last year.
> Contracts written, a better indicator of buyer demand, are up by 27% from this time last year with 121 homes receiving contracts year-to-date.
> Listings in the West Center Inner Loop currently stand at 467 units and that figure is up from First Quarter 2005 by 28 units, or 6.4%.
> Average sales price is almost the same as last year and only slightly down by .41% from this time last year and is currently $486,372.
> Homes in the West Center Inner Loop sell on the average of $206 a sq. ft and last year that figure was $189. Homes that sell in the area can expect to render an average of 96% of the selling price and take approximately 86 days to sell.
> There are 7.2 months of inventory in the area. The West Center Inner Loop Area is a balanced market where neither the buyer nor seller has a greater negotiation advantage.

The Woodlands Area 15


> Single-family home sales in The Woodlands are up by 154 units in the First Quarter of 2006 over this time last year or 21% with 886 home sales recorded.
> Contracts written, a better indicator of “future demand”, show 704 pending sales have been written year-to-date. That is a 78-unit increase over that which was written in First Quarter 2005.
> Listings in The Woodlands are down by 20% with 1,521 homes on the market in First Quarter 2006 as compared to 1,900 in First Quarter 2005.
> Average sales price in The Woodlands is $253,459, which is 11.5% greater than First Quarter 2005, which averaged $227,309.
> The Woodlands has a 4.3-month supply of inventory, which indicates the area is a seller’s market. Days on the market to sell a home has declined in The Woodlands from this time last year from 96 DOM in First Quarter 2005 to 86 DOM in First Quarter 2006.

West Houston Area 31

> Single-family home sales in the West Houston area have increased by 14.42% in First Quarter 2006 over First Quarter YTD 2005 and currently register 238 units sold.
> Contracts written are up from this time last year by 23.5% and there are currently 168 units recorded pending as opposed to 136 last year. This type of increase shows trends of a market that will continue to heat up during the summer months.
> Listings are down by 16.5% from this time last year with 441 homes on the market.
> Average sales price YTD in the West Houston area is $309,400 and that is 12.44% more than First Quarter 2005 average sales price of $275181.
> Homes in the West Houston area sell at an average sales price of $111 a sq. ft. A seller can expect to sell his home for an average of 98% of the list price and take an average of 107 days on the market to sell. Months of Inventory currently stand at 5.2, representing a seller’s market.
> West Houston registered on the Houston Hotness Index in March because 13.9% of all current inventory went under contract during that one month.
> The steep increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate that if ever there was a time to sell a home in West Houston, it is now.
> Why? A seller could expect to derive more from the sale of their home in a market displaying high demand, rising sales prices and much less competition than found this time last year.


West Memorial Area 23

> Single-family home sales in the West Memorial area have increased by 27% in First Quarter 2006 over First Quarter YTD 2005 and currently register 156 units sold.
> Contracts written are up from this time last year by 89% and there are currently 89 units recorded pending YTD as opposed to 47 last year. This type of steep increase is indicative of an even more hot market still to unfold.
> Listings are down by 20% from this time last year with 281 homes on the market.
Average sales price YTD in the West Memorial area is $664,170 and that is 14% more than First Quarter 2005 YTD average sales price of $583,940.
> Homes in the West Memorial area sell at an average sales price of $187 a sq. ft. A seller can expect to sell his home for an average of 95% of the list price and take an average of 97 days on the market to sell. Months of Inventory currently stand at 4.3, representing a seller’s market.
> West Memorial was registered on the Houston Hotness Index in March because 13.7% of all current inventory went under contract during that one month.
> The steep increase YTD of contracts initiated, [representing buyer demand] with a concurrent decline of listings, indicate that it is a seller’s market. If ever there was a time to sell a home in Memorial, it is now.
> Why? A seller could expect to derive more from the sale of their home in a market displaying high demand, rising sales prices and much less competition than found this time last year.