Bear Creek – Area 8 

• Single-family home sales have declined 15.09% in the Bear Creek Market area over 2006 with 2,645 MLS recorded home sales.
• Listings are UP in the Bear Creek Market area by 1.96% over this time last year with 1,146 homes listed and on the market.
• Contracts pending are down by 252 units with 1,821 homes receiving contracts. In 2006 contracts written registered at 2,073.
•  Average sales price is up over last years’ average sales price and currently stands at $168,779, an increase of .57%. Last year, average sales price was $167,816. The median, where half the homes sold above and half sold below is $147,270 and that is 1.57% more than the median last year.
•  In December 2007, 9.2% of all listings in the Bear Creek area received a contract during the month, earning Bear Creek a ranking of #19 out of 46 listed on the Houston Hotness Index. 
•  The Bear Creek Market area currently has 4.7 months of inventory and last year the area had 4 months of inventory. MOI still represents a sellers’ market and a better absorption trend than most of the areas in Houston.