Katy / Cinco Ranch Area 36

•       The Katy/Cinco Ranch Area was Number 1 on the Houston Hotness Index for April 2008 because 19.3% of all active listings went under contract during that one month.

•       The area has experienced 737 homes sales YTD or a 9.57% decline over April YTD 2007.

•       There has been a 2.92% increase in average sales price, which currently stands at $239,694. The median sales price where half the homes sold above and half sold below is $209,250 and that is 4.68% greater than this time last year.

•       The Katy / Cinco Ranch area has experienced a 7.83% decline in pending sales for a total of 624 YTD. 

•       There has been an increase in homes on the market as the area experienced 32.97% more listings. There are currently 984 homes on the market and last year there were 740.

•       The market has 4.5 months supply of inventory, which indicates an appreciating market.

•       Real estate markets don’t get any better than this in Houston!