Market Results for or all of Zip Code 77441:  

I’m looking out at my window at beautiful azure blue skies as I write yet another gloomy report for Sellers. I wish it was the other way around. Unfortunately, August results continued the trend that began in late March with lack luster activity. Sellers need a “life preserver” (hint, a good Agent), as they continue to witness increasing Days on Market (DOM) and a bit of downward pressure on Price. Sellers have good reason to feel this way too. The number of Listing that are under Contract in August dropped significantly, while the number of homes that Sold declined and the “Months of Supply” rose. The only good news is that the number of Active Listings dropped by 4.5%. Yet, hidden beneath this stat, is that in August, (49) Homeowners Withdrew their Listing, let it Expire or Terminated it. That total nearly equals the amount that Sold.