Hempstead East

• Single-family home sales are down by 447 units in the East Hempstead area over November YTD 2006 with 2,107 home sales recorded in MLS year to date.  There were 2,554 single-family home sales last year during the same time frame.
• Pending contracts displayed a decline over November 2006 by 17.35%.  Pending units recorded year-to-date currently stand at 1,358 whereas last year, pending units were at 1,643.
• Hempstead East Homes on the Market are down by 2.09% over last year.  There are currently 986 homes on the market as compared to 1,007 last year.
• The average sales price is $179,050 and that figure is 1.94% lower than last years $182,584. There has been a median sales price increase of .063% and that figure is currently $160,000.
• The area is mirroring a sellers market with 4.7 months of inventory although all other statistics point otherwise. Days on the market to sell a home in the Hempstead East area are currently 71, and last year, it was 75.
• In November 2007, the Hempstead East area was #20 on the Houston Hotness Index because 10.2% of all listings went under contract during the 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.