Katy / Cinco Ranch Area 36

•       The Katy/Cinco Ranch Area was Number 6 on the Houston Hotness Index for March 2008. 13.9% of all active listings went under contract during the month.

•       The area has experienced 503 homes sales YTD or a 1.3.28% decline over First Quarter 2007. 

•       There has been a 13.49% decline in average sales price, which currently stands at $240,793. The median has gone up 3.38% since the First Quarter of last year and is currently $205,990.

•       The Katy / Cinco Ranch area has experienced a 13.49% decline in pending sales for a total of 417 YTD.

•       There is no shortage of homes on the market as the area experienced a 33.99% increase in homes on the market. There are currently 954 homes on the market.

•       The market has 4.4 months supply of inventory, which still indicates an appreciating market, but not as strong as the 3.1 months of inventory experienced last year.