Houston Real Estate Blog

The Houston market had 2,788 sales in January 2010.  This was 10 percent lower than January 2009’s 3,108 and 31 percent lower than January 2008’s 4,061.  This is particularly bad picture for the market, because the past two Januarys were also low points from their preceding counterparts.  The last month with sales this low occurred [...]

In real numbers, the lowest priced homes made gains in number of sales.  Every category from under $29,999 to $59,999 showed positive changes in real numbers of homes sold, except homes in the $30’s.  The largest gain was 8.24 percent for homes in the $50’s.

Houston

Price Range
Percent Distribution

# of Sales

2008
2009
2008
2009
Change

$29,999 or less
1.7
1.9
1,106
1,140
3.05%

30,000 - 39,999
1.8
1.8
1,171
1,080
-7.80%

40,000 [...]

Sales dropped one percent from December 2008’s 4981 to December 2009’s 4931.  This is the difference of 50 houses, which is not too much.  December 2007, however, saw 5691 homes sold, which is 660 more than its 2009 counterpart.  This is a 13 percent drop in monthly sales in a two year time span.

2007
Dec
5,691

212,300

154,700

39,100

6.87

2008
Jan
4,061
-0.13

188,700
0.06
139,500
-0.01
39,790
0.11
9.798

2008
Feb
5,036
-0.09

201,200
0.04
151,000
0.03
40,104
0.1
7.963

2008
Mar
5,802
-0.14

202,500
0
151,800
0
40,896
0.06
7.048

2008
Apr
6,049
-0.11

203,400
0.01
150,300
0.01
41,214
0.02
6.813

2008
May
6,781
-0.14

210,800
0
155,800
0.01
41,318
-0.01
6.093

2008
Jun
6,981
-0.12

223,500
0.04
160,100
0.01
41,474
-0.03
5.94

2008
Jul
6,718
-0.11

219,600
0.06
159,900
0.03
41,038
-0.04
6.108

2008
Aug
6,251
-0.2

220,000
0.05
158,900
0.01
39,203
-0.09
6.271

2008
Sep
4,068
-0.27

206,000
0.03
155,300
0.04
37,623
-0.13
9.248

2008
Oct
4,710
-0.19

191,200
-0.02
141,900
-0.03
36,308
-0.14
7.708

2008
Nov
3,731
-0.32

185,100
-0.07
137,500
-0.08
34,493
-0.16
9.244

2008
Dec
4,981
-0.12

189,200
-0.11
145,200
-0.06
31,637
-0.19
6.351

2009
Jan
3,108
-0.23
-0.33
164,900
-0.13
130,900
-0.06
31,654
-0.2
10.184

2009
Feb
3,785
-0.25
-0.31
179,000
-0.11
137,800
-0.09
31,999
-0.2
8.454

2009
Mar
4,750
-0.18
-0.3
190,800
-0.06
145,500
-0.04
32,462
-0.21
6.834

2009
Apr
4,615
-0.24
-0.32
191,300
-0.06
149,000
-0.01
31,772
-0.23
6.884

2009
May
5,226
-0.23
-0.34
207,800
-0.01
155,800
0
31,649
-0.23
6.056

2009
Jun
5,989
-0.14
-0.25
217,400
-0.03
163,400
0.02
32,247
-0.22
5.384

2009
Jul
6,326
-0.06
-0.16
215,000
-0.02
161,300
0.01
32,643
-0.2
5.16

2009
Aug
5,511
-0.12
-0.3
207,500
-0.06
158,900
0
32,108
-0.18
5.826

2009
Sep
5,309
0.31
-0.05
201,100
-0.02
155,100
0
31,579
-0.16
5.948

2009
Oct
5,407
0.15
-0.08
194,200
0.02
147,500
0.04
31,378
-0.14
5.803

2009
Nov
5,027
0.35
-0.09
195,600
0.06
150,700
0.1
31,384
-0.09
6.243

2009
Dec
4,931
-0.01
-0.13
214,400
0.13
152,400
0.05
29,964
-0.05
6.076

Year
Month
House Sales
1 [...]

Houston’s home price distribution for 2009, minus December, shows the main pattern was no pattern.  The overall picture shows the loss of sales between 2008 and 2009.  There are several price points that experienced gains in their percentage of the market, as seen below.

Houston

Price Range
Percent Distribution

# of Sales

2008
2009*
2008
2009*
Change

$29,999 or less
1.7
1.9
1,106
1,045
-5.49%

30,000 - 39,999
1.8
1.8
1,171
990
-15.44%

40,000 - [...]

Houston is poised to have high sales in December 2009, too.  The $8000 first time home buyer credit coupled with low interest rates and a market full of homes will drive December 2009 above December 2008.  Area real estate agents discuss the market in a recent Houston Chronicle article.  Although financing remains tight, a person [...]

Houston had 5062 homesales in November 2009.  This is the lowest number of homesales seen in the city since April 2009’s 4615; however, it is a huge spike from November 2008.  Last November only 3731 homes sold in the city.  This November is up 36 percent over its 2008 counterpart.  This is the third month [...]

The biggest jump in price category quantity continues to be seen with extremely low priced homes, i.e. homes under $70,000.  All these price points show higher percentages of homes than they did in 2008; however, the number of homes sold pales in comparison at every price point to 2008.

Houston

Price Range
Percent Distribution

# of Sales

2008
2009*
2008
2009*
Change

$29,999 [...]

The Houston real estate market in October 2009 looked much better than in October 2008; the number of house sales increased 14 percent from last year.  Although the market is down 8 percent over two years, October 2009’s 5388 sales showed an increase from September 2009 and from October 2008’s 4710 sales.

Year
Month
House Sales
1 Yr Change
2 [...]

The preliminary data on price distribution have been released.  It is detailed below.

Price Range
Percent Distribution

# of Sales

2008
2009*
2008
2009*
Change

$29,999 or less
1.7
1.9
1105.97
1236.08
11.76%

30,000 - 39,999
1.8
1.8
1171.03
1171.03
0.00%

40,000 - 49,999
2
2.3
1301.14
1496.31
15.00%

50,000 - 59,999
2.3
2.7
1496.31
1756.54
17.39%

60,000 - 69,999
3.1
3.3
2016.77
2146.88
6.45%

70,000 - 79,999
3.6
3.6
2342.05
2342.05
0.00%

80,000 - 89,999
4.4
4.1
2862.51
2667.34
-6.82%

90,000 - 99,999
4.3
4.4
2797.45
2862.51
2.33%

Under 100k
23.2
24.1
15093.22
15678.74
3.88%

100 - 119,999
9.8
8.9
6375.59
5790.07
-9.18%

120 - 139,999
11.5
11
7481.56
7156.27
-4.35%

140 - 159,999
9.3
9.3
6050.30
6050.30
0.00%

100 - 160,000
30.6
29.2
19907.44
18996.64
-4.58%

160 - 179,999
7.7
7.8
5009.39
5074.45
1.30%

180 - 199,999
5.9
6
3838.36
3903.42
1.69%

200 - 249,999
10.1
10.5
6570.76
6830.99
3.96%

250 - 299,999
6.7
7.2
4358.82
4684.10
7.46%

300 - 399,999
7.4
7.3
4814.22
4749.16
-1.35%

400 - [...]

Houston’s real estate market finally shows a solid sign of recovery.  Home sales were up 31 percent from September 2008 and only down 5 percent from September 2007.  There were 5315 homes sold in September 2009.  This is the lowest number of sales since May 2009, but the jump in one year change is higher [...]