Southwest Inner Loop Z 17

• Single-family home sales declined in the Inner Loop from 2006 to 2007 by 103 units with 1,178 homes sales recorded in Houston MLS in 2007.
• Pending contracts, which represent buyer demand year-to-date, has experienced a decline of 62 units. Pending contracts currently stand at 485 pending sales and last year, it experienced 547 pending contracts. 
• Listings have declined from 2006 by 1.09% and the current inventory stands at 485 homes on the market.
• Average sales price has risen by 8.89% since this time last year and average sales price is currently $672,559. The median sales price in the Inner Loop is up 10.18% and currently stands at $617,000.
• The average price per square foot in the SW Inner Loop is $219 and in 2006, the average was $201.
• Homes listed in the SW Inner Loop can expect to net 98% of the list price on average and sell on average after 67 days on the market.