§         In November 2007, Sugar Land was #1 out of 46 rankings on the Houston Hotness Index because 15.9% of all listings [inventory] went under contract during that one month!

§         Sugar Land has experienced an 8.37% decline in single-family home sales over November YTD 2006 with 1,751 home sales as compared to 1,911 home sales last year.

§         Contracts written in Sugar Land are 4.58% lower than last year’s with 1,041 units that have received contracts for the year.

• Sugar Land has enjoyed excellent home price appreciation. In 2005, average sales price was $233,624, a 14% increase over two years. In 2005, the median price was $187,000, giving Sugar Land a 17% increase in median sales price over a two-year period. It is obvious that home buyers purchasing during those years or before have experienced one of the best returns on their investment that can be found in the overall Houston market.  Based on current buyer demand and a lower supply of inventory, future home buyers can feel confident that appreciation will continue.  

§         Sugar Land homes on the market are up by 1.12% with 543 homes on the market as compared to last year’s 537.

§         There are 3.3 months of inventory in Sugar Land, currently the lowest supply of inventory in Houston even though last year experienced 2.8 months of inventory. This metric makes a very healthy seller’s market and certainly opens the door for more home price appreciation in 2008.  It takes 65 days on average to sell a home in Sugar Land, which is 12 days more than the number of days that it took last year, but one of the best DOM metrics in Houston.