77004 takes nearly all of this week's action while 77003 stays quiet

This week's numbers show one zip code doing almost all the work. Of the 6 new listings across 77003 and 77004, 5 landed in 77004. Of the 9 closings territory-wide, 7 were in 77004. That leaves 77003 with just 1 new listing and 2 closings for the week.

This isn't a small tilt. New supply and completed sales are converging on the same zip in the same week. When a market's fresh inventory and its finished deals show up in the same place at the same time, that's the clearest read this data offers.

Look at the totals side by side. 77004 posted 5 new listings against 1 in 77003. On closings, 77004 had 7 versus 2 in 77003. Active inventory tells a similar story of scale: 428 active listings in 77004 compared to 183 in 77003.

Price levels stayed close between the two zips where we can measure them. 77004's median list price came in at 409,000, just under 77003's 412,500. On the sale side, 77004's median sale price was 425,000 — matching the territory-wide median sale price of 425,000. We don't have a reliable median sale price for 77003 this week; too few of its 2 sales carried a public or MLS price to support one, so we're not reporting a number there.

Territory-wide, the median days on market was 40, and the median price per square foot was 195.42. Active listings across both zips totaled 611.

Two price cuts came through this week, one in each zip. In 77003, a 3-bedroom at 1,316 square feet took a 19,100 cut, landing at 249,900 after 16 days on market. In 77004, a 3-bedroom at 1,628 square feet was cut 30,100 to 325,000 after 19 days on market. Two cuts isn't enough to call a trend — it's just what happened on those two properties.

What does this mean if you're watching either zip? If you're selling in 77004, you're not alone — five other sellers listed there this week, and seven deals closed. That kind of volume usually means more comparables to lean on when pricing a listing. If you're watching 77003, the quiet week doesn't tell you much on its own — one new listing and two closings is too thin a sample to read into pricing or pace there. It's worth watching whether 77004's activity holds or whether 77003 picks up in the coming weeks.