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Tuesday, December 04, 2007



I think you are mixing average days on the market and months of inventory. From your table, it looks like Houston has 6.2 months of inventory. Austin is at about ~5.3 months I believe. The press release states Houston's average days on the market is 81 days, and I'd bet Austin is 65-69 days.

Dee Copeland

Thank you very much for that clarification. I wrote the blog late at night and missed the numbers. I'll post a correction!


Well, certainly after going through the post, even I went in a grim feeling. The situation looks quite uncertain, and all we can do is keep our fingers crossed and wait. I have been an agent for some five years, I know it is no big deal but still these years have been my formative years. It has folded me into what I am now. Well, the experiences that I have gained has taught me, a lot on the way the market works. I have learned to be careful in the the lull of a storm. Panic is one thing that really adversely affects a market. Thus through optimism only we can conquer the market, do think about it is no Utopian farce.

Dee Copeland

I wouldn't see the need to feel grim. Houston will always be a great place to invest. It's such a large city that there's always opportunity. A buyer or investor just needs to keep in mind that, in ANY market, they have to be careful.

I've seen people lose their shirts in "hot" markets just as much as slower sales markets. Right now, the buyers are laughing all the way to the bank.

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