• There is no area in the Houston Metropolitan area that has experienced a higher increase in average sales price over the last year than the West Center Inner Loop.
• Single-family home sales are down 4.82% in the West Center Inner Loop from November YTD 2006 to November YTD 2007 and currently 750 homes sold as compared to 788 last year.
• Contracts written, a better indicator of buyer demand, are down by 4.67% from this time last year with 408 homes receiving contracts year-to-date.
• Listings in the West Center Inner Loop currently stand at 506 units and that figure is up from November YTD 2006 by 17 units, or 3.48%.
• Average sales price is up by 17.48% from this time last year and is currently $621,930.  The median sales price, where half the homes that sold are above and half the homes are below the median, is up 9.99% and are currently $380,000.
• Homes in the West Center Inner Loop sell on the average of $229 a sq. ft and last year that figure was $211.  Homes that sell in the area can expect to render an average of 95% of the selling price and take approximately 95 days to sell.
• There are 7 months of inventory in the area. 

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