>Sales are down slightly by 1.21% in Houston's  West Center Inner Loop real estate market from May YTD 2007 over May YTD 2008 and currently 327 homes sold as compared to 331 last year.
 
>Contracts written, a better indicator of buyer demand, are up by 3 units from this time last year with 196 homes receiving contracts year-to-date.

>Listings in Houston's West Center Inner Loop currently stand at 535 units and that figure is up from May YTD 2007 by 66 units, or 14.07%.

>Average sales price in Houston's West Center Inner Loop has declined slightly by 8.45% and is currently $596,769.  The median sales price where half the homes sold above and half below is up 6.71% and is currently $399,000. 
 
>Homes in Houston's West Center Inner Loop sell on the average of $214 a sq. ft and last year that figure was $236.  Homes that sell in the area can expect to render an average of 96% of the selling price and take approximately 103 days to sell.
 
>There are 7.8 months of inventory in the area and last year there were 6.4 months of inventory.

>With the tremendous amount of job creation occurring in Houston's Inner Loop, from the Medical Center and the Houston's down town business district, this market is experiencing a temporary real estate market lull until the demand breaks wide open in the years to come.