This is the third post of a 90 day series that provides real time listing data for the Houston housing market. Today’s post holds charts of the Katy median home price, Katy total active listing inventory, Katy average days on market, and a market activity index for the Katy real estate market. These charts will be updated every seven days, making this the most regularly updated source of Katy real estate market statistics on the web.

The chart above is a 12 month moving average of the Median list price for the Katy, TX housing market. It is important to note that the data in the above chart is not the median sales price for homes in Katy, Texas, it is simply a plot of the median list price of homes. It a good indicator of market direction, but not of Katy real estate values. In addition, one should be aware of the fact that every year we see a spike in the median price of a home in the Houston housing market. This is because of the increased number of older more established families entering the housing market. This spike is seen because more established families tend to have higher household incomes, larger net worths, and the a need of more square footage. With this being the norm for the local housing market, if you wish to use the charts above as indicator of the direction Katy home values are moving, you should pay greater attention to the troughs in the annual graph rather than the peak.

The chart above is a 12 month moving average of the real-time total of the Katy active listing inventory. The chart will update every seven days and allows you to gauge the total number of homes listed in the Houston housing market at any one time.

The graph depicted above is a 12 month moving average of the Katy average days on market. This chart should not be viewed as an indicator of the average time it takes for a Katy home to sell, but rather an indicator of the direction in the average days on market for the Katy real estate market. This is because the data contained in the chart is of active listings and not sold listings. This being the case, the days on market recorded are skewed by overpriced homes and listings from unmotivated sellers.

The graph above is a 12 month moving average of the Katy market activity index developed by Altos research. This index is suppose to help determine whether the Katy housing market is a buyer’s market or a seller’s market. A value of 20 or greater in the Houston area housing market depicts a seller’s market, which is a market condition where the seller has the upper hand in negotiating price and terms of a purchase contract. A value less than 20 describes a market place that would be called a buyer’s market. This is defined as a market landscape where buyers have an advantage in negotiations on price and terms of a purchase contract.

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This entry was posted on Sunday, November 15th, 2009 at 8:10 am and is filed under Houston Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.