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SOUTH KATY TEXAS REAL ESTATE MARKET REPORT - SEPTEMBER 2008
The Houston market "Hotness" statistic indicated that the South Katy area is once again number 1 during September 2008 with a ratio of 13.4 while the number 2 area was South Central with a ratio of 11.4. This specific "Hotness" rating refers to the number of pending sales ( buyer demand) that occurred during a given month in relation to its active inventory ( homes currently on the market for sale). The South Katy area has been the number one area several times this year and has not dropped lower all year than number three. These stats are based on data listed in the Houston Association of Realtors Multiple Listing Service and while not 100% complete are very representative of each market. The South Katy did have some damage from Hurricane IKE but compared to most of the greater Houston area this damage was minimal being mostly fence and roof incidents.
The average price during on a year to date (YTD) basis has increased by $10,752 or 4.36 % versus YTD September 2007 data. Median home price has also increased by $10,680 or 5.08 %. The sales price per square foot has increased by $2.00 per square foot to $89.00 sq. ft. The ... more

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