Inner Loop-Medical Center Real Estate Market Conditions & Reports, Inner Loop-Medical Center Market Trends, Texas

Market Commentary Provided by Walter Aymen

Report Date

Spring 2010

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Walter Aymen
Keller Williams Metropolitan
Houston, Texas
713-861-4042
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Nearest Metro Area

Houston, TX

Buyers’ or Sellers’ Market

About 50-50

Average Time on Market

60-90 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Average Home Price

$349,900 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

First-Time Buyers

Buyer Activity for the past 90 days in Inner Loop-Medical Center is

Seller Activity for the past 90 days in Inner Loop-Medical Center is

Is Financing Available For Qualified Buyers in Inner Loop-Medical Center?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Reason to Buy/Sell

Job Growth

Average Sold Price

$349,900 - View Graph Trend

National Real Estate Market

Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging 60-90 days on the market.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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