Posted on December 14, 2007
§ Clear Lake was ranked #11 out of 46 listed on the November 2007 Houston Hotness Index because 11.6% of all listings went under contract during that one month!
§ Clear Lake single-family home sales are down by 211 units or 9.24% over November YTD 2006 with 2,072 homes sold in 2007 as compared to 2,283 last year.
§ Contracts written and pending to close year-to-date are 91 units below last year for a total of 1,371 MLS recorded pending sales.
§ Homes listed and on the market in Clear Lake are down by 6.19% from this time last year with 803 single-family homes on the market today as compared to 856 last year.
§ Clear Lake’s Average sales price is up by 4.53% and currently stands at $187,027, as compared to $178,919 last year during the same time frame.
§ Days on the market register at 68, which represents one more DOM it took to sell a home last year. Month’s inventory is 4.1 a very low supply in comparison to the Houston overall market. Its’ inventory has adjusted well in relation to sales demand and therefore should play a significant role in keeping home price appreciation level or on the rise. 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®.
