The document summarizes real estate market statistics and trends in Houston for October 2011. Key points include: - October 2011 home sales in Houston rose 9.1% year-over-year across all price segments. - The average home price rose 1.1% to $208,506, the highest October level. - Mortgage rates fell below 4% for the second time in two months. - Pending home sales increased 8.5% compared to the previous year, while new listings decreased 12.6%.

4. Weekly HAR Market Stat Pending home sales were off to the races as buyers eagerly entered more contracts than during the same week in 2010. Sellers pulled back a bit as they listed fewer new properties than last year at this time. By and large, inventory declines have been the 2011 tale to tell, but a handful of alternative leading indicators suggest that the Spring 2012 market could present a changing landscape. In the Houston region, for the week ending November 6: • New Listings decreased 12.6% to 1,757 • Pending Sales increased 8.5% to 947 • Closed Sales increased 2.8% to 670