Kingwood Area 32

•  In December 2007, Kingwood was #11 on the Houston Hotness Index because 11.5% of all listings went under contract during that one month.
• Single-family home sales are down in Kingwood from 2006 to 2007 by 101 units or 7.25% with 1,293 home sales recorded in MLS in 2007 compared to 1,394 closed in 2006. Although sales have not been as stellar as 2006, in 2005, a great year in real estate, Kingwood closed 1,268 sales in 2005. The 2005 sales represent 25 fewer units than 2007 or 1.93% less, making 2007 a better year for sales in Kingwood than 2005.
• Pending contracts displayed a decline from 2006 by 2.88%. Pending units recorded in 2007 were 909 whereas last year, pending units were at 936.
• Kingwood Homes on the Market are up by 8.74% over 2006. There are currently 473 homes on the market in Kingwood as compared to 435 last year.
• Kingwood average sales price is $210,243 and that figure is up by 2.67% over last year. In 2005, the average sales price for Kingwood was $193,813. Over the last two years, Kingwood home owners have enjoyed an 8.5% increase in average sales price, which is a good appreciation in home values. The median sales price is $173,700 and that figure is also up by 3.86% over 2006.
• Kingwood represents a seller’s market with 4.1 months of inventory. Days on the market to sell a home in Kingwood are currently at 82 days, and in 2006, it was 69.