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OCT
18
West University/Southside Place Homes - Inventory Drops and Sales Increase
By Tom Plant



3026Tangley

Inventory of single family homes in West University/Southside Place dropped 22.5% since July 2009 while single family home sales increased 24.6% in the third quarter compared to third quarter 2008. This is a sign of continuing improvement in this community. The increase in sales occurred for homes priced under $1 million. While homes priced over $1 million sold better than the first half of 2009, they still lagged 2008. I expect West University/Southsidde Place will show substantial improvement in the fourth quarter compared to 2008. Details of the third quarter comparison are shown below.

WestU20093rdQtr

Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Tom Plant

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