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July 17, 2008

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.

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