Far Northwest 14

•  Sales have declined by 54 units in the Far Northwest area over 2006 or 2.63% with 1,998 MLS recorded home sales!
• Listings are up in the Far Northwest Market area by 22.71% over this time last year with 1,016 homes listed and on the market.
• Contracts pending are up by 1.73% with 1,528 homes receiving contracts in 2007. Contracts pending last year registered at 1,502 units.
•  Average sales price is slightly higher than last years’ average sales price and currently stands at $196,345 representing an increase of 2.61% Last year; average sales price was $191,352. The median sales price is $155,000 and is up by .49
•   The area currently has 6.2 months of inventory. Last year, the Far Northwest Market had 5.2 months of inventory, which is a considerable increase in supply.
• In December 2007, 11.5% of all listings in the area received a contract during the month, ranking the area #7 out of 46 listed on the Houston Hotness Index!