Regardless of what the media reports, especially the national media, not all areas of the country are suffering a real estate free fall. Katy home sales, particularly those south of I-10, are occurring at a healthy economic rate. Let's look at the facts and figures by comparing December 2007 sales to December 2008. As you will see there is a negligible difference in the numbers.
- In December 2007, there were 133 pending sales; this is the exact same number as in December 2008.
- There were 212 actual sales in the month of December 2007 and 199 in December 2008.
- In December 2007, there were 810 houses on the market. Last month, there were 891 houses for sale.
- Monthly inventory describes how long it would take to sell the current inventory if not another house was put on the market. In December 2007 there was a 3.3 month inventory. The most current figures are 3.9 months to sell all the existing inventory.
For information about any Katy area home, you can search the entire Houston MLS directly from my blog, FuellingKaty. For questions or to tour any area homes, just contact me directly at 713-818-2404. I offer incentives to my buyers and sellers. I have specialized in Katy real estate for over 19 years. Experience does count!
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