Memorial Park Area No Longer Weakest Market

For the 4+ years that I have been calculating market conditions, the Memorial Park area (zip code 77007) was the weakest overall single-family market until today, June 24, 2008. Both Tanglewood (77056) and Woodland Heights (77009) now have a greater weighted average inventory of homes on the market (both 9 months) while the Memorial Park area has come down to 8 months. It may be a small difference but when you have been the worst market for so long, I thought it should be acknowledged in a blog post . . . We'll see if it stays that way.