Clear Lake Area 7

•  Clear Lake was ranked #2 out of 46 listed on the December 2007 Houston Hotness Index because 13.6% of all listings went under contract during that one month!
• Clear Lake single-family home sales are down by 238 units or 9.67% over December YTD 2006 with 2,224 homes sold in 2007 as compared to 2,462 last year.
• Contracts written and pending to close year-to-date are 98 units below last year for a total of 1,470 MLS recorded pending sales.
• Homes listed and on the market in Clear Lake are down by 6.01% from this time last year with 797 single-family homes on the market today as compared to 848 last year. 
• Clear Lake’s Average sales price is up by 4.98% and currently stands at $188,284, as compared to $179,352 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 3.9 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.