Cloverleaf Real Estate Market Sees Home Sales Decline

In this week's report, the number of homes sold in the Cloverleaf market dropped to 11 over the past 30 days, a decrease of 8.3% from last week's report, but still above the monthly average. Meanwhile, close-by Houston reported 1,731 homes sales, the highest number from all the surrounding cities. Prices are falling in Cloverleaf, and this period the median price of all sales fell from $198,200 to $196,500. With only three months of inventory to sell, Cloverleaf is a seller's market, in spite of the dip in sales.

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Demographic facts about Cloverleaf:

  • The average age of the population is 28 years old.
  • The health cost index score in this area is 95.6. (100 = national average)
  • The area's commuter length breakdown is: <15 min (21.6%), 15-29 min (39.4%), 30-44 min (24.3%), 45-59 min (7.1%), >60 min (7.6%).

Data reported through 10/12/2016

Comments:

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404-784-5759
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CHERRY CREEK PROPERTIES INC
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ZipRealty Inc 281-685-9326 (kelvin.okunonke@ziprealty.com)http://www.ziprealty.com/agent/kokunonke?referredByAgent=kokunonke
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