•       The Katy/Cinco Ranch Area was Number 2 on the Houston Hotness Index for November 2007!  15.9% of all active listings went under contract during that one month.

•       The area has experienced 2,714 homes sales November year-to-date, a 68 unit decline, or 2.44% fewer sales in comparison to November YTD 2006.  While the year has not proven to be as stellar as 2006, it is ahead of 2005, by 4.5%, outselling 2005 sales by 116 units.

•       There has been a 5.40% increase in average sales price, which currently stands at $245,463.  The median, where half the homes sold above and half the homes sold below year-to-date currently stands at $210,000.  In the last two years, Katy homes have experienced a 14% increase in average sales price, making homes in Katy an excellent investment for buyers!

•       The Katy / Cinco Ranch area has experienced an 8.56% increase in pending sales for a total of 1,940 year-to-date.

•       The area experienced a 5.05% increase in listings. There are currently 811 homes on the market.

•       The market has 3.4 months supply of inventory, which indicates home price appreciation will continue in 2008.

•       Katy has proven to be one of the best areas in Houston to buy a home.  High buyer demand and one of the lowest supplies of inventory in Houston make it a Mecca for positive growth and increased appreciation.

 Data compiled by the Houston Association of Realtors® Multiple Listing Service and written by Toni Nelson, Director of Strategic Initiatives for Prudential Gary Greene, Realtors®.