>The Houston Heights real estate market of single-family home sales have declined by 162 units over May YTD 2007 with 825 homes sold in 2008 as compared to 987 last year, an 16.41% decline.

>Contracts written and pending to close year-to-date are 147 units behind last year for a total of 532 MLS recorded pending sales.  This represents a 21.65% decline over May YTD 2007.

>Homes listed and on the market in The Houston Heights are up by 6.40% from this time last year with 1,297 single-family homes on the market today as compared to 1,219 last year.

>The Houston Heights Average sales price is up by 11.95% and currently stands at $250,854 as compared to $224,083 last year during the same time frame.  Median price, where half the homes sold above and half the homes sold below the midpoint is up 23.08% and it is currently $240,000.

>Days on the market register at 87, which is 11 days more than it took to sell a home last year.

>The Heights was ranked #24 out of 45 Houston market areas on the May Houston Hotness Index because 10.6% of all its listings went under contract during that one month.
 
For more information on this and any other market area, please go to www.GaryGreene.com.   Data compiled by the Houston Association of Realtors Multiple Listing Service and written by Toni Nelson, Director of Strategic Initiatives for Prudential Gary Greene, Realtors.