The months of inventory report for the Atascocita area including Huffman, Crosby, Walden on Lake Houston, Eagle Springs, Lakeshore, Summer Lake Ranch, Summerwood, and Fall Creek indicates that it is a seller's market.  The months of inventory as of December 4, 2007 is 6.4 months.  The sold data from the previous year is 2,741 sold at an average price of $171,123.  The current active data shows 1,442 listings at an average price of $210,642.  Months of inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months of sales activity.  Normal inventory is considered to be 9 or 10 months for existing homes, while anything less than 8 months is considered a seller's market and more than 12 months is a buyer's market.  If you would like specific market information pertaining to your home, contact Jeremy Williams with Keller Williams Realty at 281-812-8229 or Jeremy@williams4yourhome.com.  Jeremy will provide a free and confidential comparative market analysis for your home.  For additional real estate services, visit http://www.williams4yourhome.com/.
 

3 Comments on Atascocita, TX Real Estate Market Report Months of Inventory

Jeremy, welcome to activerain and congratulations on your first post.

12/10/2007 10:40 PM by David Matney, CRS - Omaha, NE Real Estate (Alliance Real Estate)

Welcome to ActiveRain, Jeremy, from a fellow KW agent in Las Vegas! We're looking at about 18-20 months of inventory here, and will probably continue that way well into 2008. Good to see that some markets are still moving along in other parts of the country.

12/11/2007 01:26 PM by John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)

Thank you.  It sounds like a very strong buyers market in your area of the country.  We must always remember that the market is cyclical so I am sure it will turn back around.  Our market is still moving along as a seller's market.  Houston is an interesting market area as there are pockets that are struggling, but overall is doing okay.  Houston did not have the appreciation as did other parts of the country, and the economy here remains strong with the oil and gas industries.  I still see the market slowing down a bit as more and more ARM's adjust and people default, but it is not going to be nearly as bad as the media has made it to be with blanketing generalizations.  I will keep you in mind for my Las Vegas/Henderson referrals.

12/11/2007 01:42 PM by Jeremy Williams

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Real Estate Agent: Jeremy Williams (Keller Williams Realty)
Jeremy Williams
Kingwood, TX
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