Of Houston’s outer submarkets greater Katy accounts for the highest volume of home sales; however, activity in the area has shown signs of slowing as listings’ time on the market has lengthened. A number of Katy residents work in the energy and oil sectors, and are currently hanging back – making sure they have a job and seeing how the economy will impact oil prices – before making a home purchase.
- Submarket is seeing a shift in terms of where homebuilders are active.
- Home values have significantly risen in Katy's north region during the past 12 months.
- Katy's inventory is still below four months.