• Single-family home sales in the Atascocita area have declined 4.69% or 124 units over November YTD 2006.  The market has experienced 2,521 home sales since the beginning of the year and last year there were 2,645 units sold during the same time frame.  To put this into perspective,year-to-date November 2005 experienced only 2,074 units sold, so the current market has 21.5% more sales than it had a short two years ago.
• Contracts initiated [buyer demand] are 5.52% greater than those found a year ago.  There have been 2,104 units go under contract and last year there were 1,994. 
• Listings are also up by 13.27% and there are currently 1,417 units on the market as compared to 1,251 last year.
• Average sales price YTD has risen a moderate 2.23% and currently stands at $170,981, and last year the average sales price was $167,248.  The median is up 2.04% and currently is $150,000.
• The Atascocita area currently has 6.3 months of inventory and that is more than was found last year, which was 5.3 months.  Months-of-inventory is an indicator of the status of the market.  Currently, it would take 6.3 months at the current sales rate to deplete the supply, if no new listings came on the market.  A market with 9 months or less of inventory is a sellers market, according to economists.  To Realtors, 6 months or more supply feels more like a buyers market.
• In November 2007, the Atascocita area was #13 out of 46 areas ranked on the Houston Hotness Index because 10.9% of its entire inventory went under contract during that one month. 

 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.