Katy Real Estate News - Houston January and February Home Sales

Katy Real Estate News - Houston January and February Home Sales

By Katy and West Houston Real Estate Expert Timothy Sojka 713-822-2152

While sales in Katy and West Houston have been better than the rest of the Houston area, make no mistake about the market has slowed down.

Houston has been largely protected from the real estate down turn by stellar job creation and the rising cost of oil.  However, mortgage issues have hurt even this market.

According to Houston Realtor® Magazine, January 2008 sales were down 17% vs. the same period in 2007.  February 2008 sales were down 13% vs. the same period in 2007.  The average home inventory is over 6 months (vs. 5 months in 2007).  So days on the market have increased and numbers of units sold have decreased.  This is sobering.

To top this off, more homes are on the market than ever before.  So what can you do?  The good news is that the market is still more vibrant than the rest of the country.  An excellent Realtor® can help you (our team had record sales in January and February).  Most importantly though, you can evaluate where you home is priced, make a change and schedule marketing activity around the price change.

We like to put homes fresh in the system again with a price decrease.  We announce price decreases to all agents who have shown the home and we try to open a home within a few days of a price decrease. 

If you would like more information about luxury homes in Katy or West Houston from someone who really understands the community, contact Katy Realtor Tim Sojka at 713-822-2152. To shop for a home online go to www.Search-Katy-Homes.com . 

All information posted is the intellectual property of Katy Real Estate Agent Timothy Sojka and cannot be republished or used without his written consent.