The 77420 zip code market saw zero homes go under contract and failed to break out of a new downward trend. Along with that, total home sales dropped to two over the last 30 days. As contracts trended lower, the median sales price went in the opposite direction, trending up for eight weeks to $274,550. In spite of contracts trending lower, rising prices and a low two months of inventory signal that the 77420 zip code is still a strong seller's market.
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