Buyers grow more cautious in Katy

A reduction in the submarket's home sales activity can be linked to volatility in the oil and energy sectors.
  • 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.

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.