Hempstead East Area 10

• Single-family home sales were down in 2007 by 485 units in the East Hempstead area over 2006 with 2,282 home sales recorded in MLS. There were 2,767 single-family home sales in 2006.
• Pending contracts displayed a decline in 2007 by 17.41%. Pending units recorded during the year were 1,456 units whereas in 2006, pending units were at 1,763.
• Hempstead East Homes on the Market ended 2007 with fewer homes on the market than 2006. As 2007 came to a close there were 980 homes on the market, representing a 1.41% drip since 2006. 
• The average sales price is $178,682 and that figure is 2.14% lower than last year’s $182,593. There has been a median sales price increase of .06% in 2007 and the median for the area is $160,000.
• The area is mirroring a seller’s market with 4.8 months of inventory although all other statistics point otherwise. The average days on the market to sell a home in the Hempstead East area are currently 85, and in 2005, it was 75.
• In December 2007, the Hempstead East area was #12 on the Houston Hotness Index because 10.8% of all listings went under contract during the month.