• Single-family home sales in the West Houston area have declined by 9.27% in November YTD 2007 over November YTD 2006 and currently register 871 units sold.
• Contracts written are up from this time last year by 2.07% and there are currently 591 units recorded pending as opposed to 579 last year. 
• Listings are up by .82% from this time last year with 494 homes on the market.
• Average sales price YTD in the West Houston area is $308,887 and that is 4.37% more than November YTD 2006 average sales price of $295,958.  In the last two years, the average sales price in West Houston has risen a total of 11.5%, an enviable appreciation for homeowners’ nationwide.   The median sales price of the area is up 3.86% and currently stands at $215,000.  The median sales price is the midpoint where half the homes sold above and half sold below.
• Homes in the West Houston area sell at an average sales price of $114 a sq. ft.  A seller can expect to sell his home for an average of 97% of the list price and take an average of 83 days on the market to sell.  Months of Inventory currently stand at 5.7, representing a seller’s market.
• West Houston registered #38 on the Houston Hotness Index in November YTD because 7.2% of current 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®.