The 77016 zip code market reported positive news in this week's report, as the number of home sales climbed 25.0%, pushing the total to five homes sold over the last 30 days. In comparison, the nearby 77396 zip code had 51 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 77016 zip code, and for this period the median sales price slid from $90,250 to $70,000. The 77016 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
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