Katy TX Real Estate - Housing Market Update

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Why Do People Move to Katy TX?

People move here to be a part of something special! Revolutionary changes are occurring in Katy TX, and people are eager to join in the action. Katy TX is simply charming, and people immediately fall in love with the local lifestyle. A family-oriented suburb with a spirit and a connection to its people. Katy TX is a perfect place to raise your children and a perfect place to call home! Click here to search homes for sale in Katy TX.

A Few Interesting  Facts about Katy Include:

• Katy sits on the perimeter of the Energy Corridor, which is home to world's major energy companies and also employs about 16,250 workers. 

• The Energy Corridor is the fastest-growing new commercial construction sub-market in Houston and expected to bring 12,000 new employees to the area.

• Katy ISD has been ranked the second fastest growing school district in Texas, the 23rd fastest in the nation, and nationally ranks for academics as well. 

• The Population and Survey Analysis expect 46,200 new housing units in Katy TX over the next 10 years. 

• The Katy Area Economic Development Council was founded in 2003. It is a full-service, private, non-profit, economic development organization which facilitates growth for Katy businesses. 

Single-Family Homes Market Update for the Month of September:

Please take a look at these charts for recently updated information on single-family homes in Katy TX. Single-family homes are residential homes occupied by just one household and make up the largest part of Katy's housing market.

The Take Away...

1. The Median Sold Prices continues to soar as more expensive homes are being built in Katy TX. Furthermore, a high demand for buyers coupled with a "bear" economy is causing home prices to inflate. 

2. Months Supply of Inventory is 6.2, meaning that it would take the 6.2 months for the current inventory for homes on the market to sell. Typically, a market that favors sellers has less than a six months supply. 

3. An increase in New Properties for Sale for this month reflects the development of new neighborhoods such as Cane Island and the expansion of current neighborhoods such as Cinco Ranch and Silver Ranch. Click Here for New/Recent Construction For Sale in Katy TX.

4. Properties That Went Under Contract and Closed Sales are slighlty down, reflecting a slowing in the market caused by seasonal influences and a slight decrease in new home construction. 

Searching For The Perfect Katy TX Realtor?

Please Visit Julie's Website today and send her a message. She would love to hear from you!