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Report Date: August 15, 2011
                                  For the period: August 14, 2010 - August 13, 2011




                                                     Disclaimer Notice:
This information is presented in good faith, but no warranty is given by and HRIS assumes no liability for advice or recommendations
made concerning results to be obtained from the use of any product or service. The results given are estimates based on calculations
 produced by a computer model including various assumptions. The results depend on input data and estimates as to unknown data
    and can be no more accurate than the model, the assumptions and such input data. The information presented is HRIS's best
               estimate of the actual results and should be used for comparison purposes rather than absolute values.
Single Family Homes - New and Existing Properties
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 2 of 10
Single Family Homes - Resale
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 3 of 10
Single Family Homes - New Construction
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 4 of 10
Townhouse / Condo - New and Existing Properties
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market. An
                                                                                                           inventory of 9 - 10 months
                                                                                                           indicates market equilibrium.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 5 of 10
Townhouse / Condo - Resale
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market. An
                                                                                                           inventory of 9 - 10 months
                                                                                                           indicates market equilibrium.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 6 of 10
Townhouse / Condo - New Construction
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market. An
                                                                                                           inventory of 9 - 10 months
                                                                                                           indicates market equilibrium.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 7 of 10
Highrise - New and Existing Properties
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 8 of 10
Highrise - Resale
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                        Page 9 of 10
Highrise - New Construction
            In-Depth Market Metrics Analysis
            Report Date: August 15, 2011
            For the period: August 14, 2010 - August 13, 2011



                                                                                                           Months of Inventory
                                                                                                           This is the time it would take
                                                                                                           for the active listings to sell at
                                                                                                           the current rate of sales.
                                                                                                           Large values indicate a slow
                                                                                                           market. Smaller values
                                                                                                           indicate an active market.
                                                                                                           Lower values indicate a
                                                                                                           seller's market. Higher values
                                                                                                           indicate a buyer's market.




                                                                                                           Annualized Sales
                                                                                                           For each week, this graph
                                                                                                           shows the number of closed
                                                                                                           sales that were reported in the
                                                                                                           prior twelve months. The
                                                                                                           twelve-month aggregation
                                                                                                           smooths out brief fluctuations
                                                                                                           so that longer trends are
                                                                                                           evident.




                                                                                                           Active Listings
                                                                                                           The graph shows number of
                                                                                                           active listings in the MLS.




                                                                                                           Median Price
                                                                                                           For each week, this graph
                                                                                                           depicts the median sales price
                                                                                                           for properties sold in the
                                                                                                           previous thirty days. Half the
                                                                                                           properties sold at or below the
                                                                                                           median price; the other half
                                                                                                           sold at or above the median.




August 15, 2011                                Copyright 2009 Houston Realtors Information Service, Inc.                      Page 10 of 10

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Houston Association of Realtors - Housing Update

  • 1. Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Disclaimer Notice: This information is presented in good faith, but no warranty is given by and HRIS assumes no liability for advice or recommendations made concerning results to be obtained from the use of any product or service. The results given are estimates based on calculations produced by a computer model including various assumptions. The results depend on input data and estimates as to unknown data and can be no more accurate than the model, the assumptions and such input data. The information presented is HRIS's best estimate of the actual results and should be used for comparison purposes rather than absolute values.
  • 2. Single Family Homes - New and Existing Properties In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 2 of 10
  • 3. Single Family Homes - Resale In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 3 of 10
  • 4. Single Family Homes - New Construction In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 4 of 10
  • 5. Townhouse / Condo - New and Existing Properties In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. An inventory of 9 - 10 months indicates market equilibrium. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 5 of 10
  • 6. Townhouse / Condo - Resale In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. An inventory of 9 - 10 months indicates market equilibrium. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 6 of 10
  • 7. Townhouse / Condo - New Construction In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. An inventory of 9 - 10 months indicates market equilibrium. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 7 of 10
  • 8. Highrise - New and Existing Properties In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 8 of 10
  • 9. Highrise - Resale In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 9 of 10
  • 10. Highrise - New Construction In-Depth Market Metrics Analysis Report Date: August 15, 2011 For the period: August 14, 2010 - August 13, 2011 Months of Inventory This is the time it would take for the active listings to sell at the current rate of sales. Large values indicate a slow market. Smaller values indicate an active market. Lower values indicate a seller's market. Higher values indicate a buyer's market. Annualized Sales For each week, this graph shows the number of closed sales that were reported in the prior twelve months. The twelve-month aggregation smooths out brief fluctuations so that longer trends are evident. Active Listings The graph shows number of active listings in the MLS. Median Price For each week, this graph depicts the median sales price for properties sold in the previous thirty days. Half the properties sold at or below the median price; the other half sold at or above the median. August 15, 2011 Copyright 2009 Houston Realtors Information Service, Inc. Page 10 of 10