Katy / Cinco Ranch Area 36

       The Katy/Cinco Ranch Area was Number 1 on the Houston Hotness Index for October 2007! 20.3% of all active listings went under contract during that one month.

       The area has experienced 2,512 homes sales YTD or a 52 unit decline, or 2.03% fewer sales in comparison to October YTD 2006.

       There has been a 5.02% increase in average sales price, which currently stands at $245,407. The median, where half the homes sold above and half the homes sold below year-to-date currently stands at $210,000.

       The Katy / Cinco Ranch area has experienced a 9.26% increase in pending sales for a total of 1,805 YTD.

       The area experienced a 3.73% increase in listings. There are currently 807 homes on the market.

       The market has 3.2 months supply of inventory, which indicates an appreciating market.

       Real estate markets dont get much better than this in Houston!