Strictly a Buyer's Agent

Thirteen of 20 Zip Codes Still a Seller's Market

The national news on housing is painful to read, but Houston has managed to stay above the worst of it. Today's market condition update added two more zip codes to the "gray" columns, meaning they have slipped from being a seller's market: 77030 (Southgate area) and 77401 (Bellaire). This is likely temporary since these neighborhoods are so popular.

On a more positive note, 13 of 20 of the zip codes covered are still a seller's markets based on a weighted average. You can learn more here:

http://www.westurealestate.com/marketWatchAllAreasSummary.htm

Tanglewood (77056) Takes the Lead in Inventory

For the 4+ years I have been calculating the inventory of homes available in ten price ranges and 19 zip codes, no zip code has had a weighted average inventory greater than a 9-month supply until today. Zip code 77056, which includes Tanglewood and the Galleria area, shows a 10-month inventory, a normal market condition, favoring neither buyers nor sellers. And right behind it is the adjacent Briargrove area, zip 77057, with a 9-month supply.