West U Market Area - Week ending 5/13

The number of home sales in the West University market climbed 2.5% to 41 homes over the last 30 days. New listings have also fallen in the 77005 zip code market, reaching a low that hasn't been seen since February.

One thing we are hearing about is price reductions and you might have noticed them yourself. Although there have been a lot of price reductions in the market, the median price is holding still due to supply/demand. Notice the two graphs below.

The number of price drops in the last 30 days is 55:

But, the median home price has held steady:

Week over week metrics: