Our thanks today go to Judy Thompson, Exclusively a Buyer’s Agent. She’s Swamplot’s latest Sponsor of the Day. Thanks for your continuing support, Judy!
Today, Judy has a bit of movement to report in the market conditions data she compiles for MLS Area 17, covering Southampton, Southgate, West U, Braes Heights, and Bellaire — something she says she hasn’t seen in recent years. The latest update shows that the weighted-average available inventory for every Zip Code she covers in that area has increased by one month (from a 4-month supply to a 5-month supply, for example).
Judy works only with buyers, so she considers this great news. She regularly updates market conditions for homes in 10 separate price ranges in 19 popular Houston Zip Codes on the West U Real Estate website, which she’s operated since 2003. The stats take into account the amount of inventory available and the pace of sales in the previous 12 months. The charts are color-coded, to show whether by each calculation the current market favors buyers, sellers, or neither.
A separate chart on the site plots the average of the weighted averages from the market conditions chart, attempting to illustrate the change in housing inventory in 6 MLS areas over time. That chart now shows a bit of an uptick too, edging above the 6-month supply figure for the first time since 2011.
More detailed figures for each Zip Code are provided on separate charts. If you’re tracking real estate values in any of the areas she covers, you’ll find her site to be a helpful resource.
Let buyers know your market conditions — by becoming a Swamplot Sponsor of the Day.