Galveston County Area 33  

• Single-family home sales in Galveston County were down 14.74% in February 2008 over the previous February with 509 home sales recorded in the Houston MLS year to date. There were 597 closed last year during the same time frame.
• Pending contracts recorded in February 2008 were down by 13.87% compared to last year. Pending units recorded year-to-date currently stand at 410 whereas last year, pending units were at 476.
• Galveston Homes on the Market reached 2,659 in February 2008 and are up by 4.27% over last year.
• Galveston Countys average sales price is $178,528 and that figure is up by 5.27% over last year. The median sales price for Galveston County, where half the homes sold above and half sold below is $148,750, a 6.41% decrease over this time last year.
• Galveston County currently has 7.8 months of inventory. Days on the market to sell a home in Galveston County is currently at 97 days and is 6.59% more than last years 91 DOM.
• Listings should be precision priced at its current 94% sale price/list price ratio or higher.