Market Sales Report - Northwest, Cypress, Katy compared to Houston Area

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Despite falling oil prices and layoffs, Houston and the North to West quadrant of Houston are still experiencing strong sales.  Prices for single family homes are significantly higher over last year in the Multiple Listing Service areas known Areas 8, 10, 25 and 35 (see graphic below).  And luckily for buyers, slightly higher inventory is making it easier to find homes.

HOUSTON MARKET REPORT COMPARED TO GENERAL NORTHWEST AREA**

  Houston MLS AREAS 8,10,25,35
CATEGORIES SEPTEMBER 2014 SEPTEMBER 2015 SEPTEMBER 2014 SEPTEMBER 2015
Single-family home sales 6,463 6,691 913 909
Single-family average sales price $269,629 $270,901 $216,474 $230,271
Single-family median sales price $199,000 $208,000 $175,100 $197,000
Single-family months inventory* 2.9 3.5 1.9 2.3 (as of 10/17/15)

 

 

 

 

 

 

 

 

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