Houston experienced another double-digit drop in one year home sales in December 2008. This was the sixteenth consecutive month experiencing a drop from its counterpart one year prior, and the tenth consecutive month with a double-digit decrease.

December 2008 had 29.02 less sales than December 2007; this is almost 2000 homes in real numbers. Everyone month in 2008 had lower sales than the corresponding month in 2006. These drops range from a 4.8 percent difference, in February, and 39.11 percent in September.

The average home price dropped 10.13 percent in the past year. The price dropped to $190,800 from $212,300. The price was consistently above $200,000 for most of 2008, but dipped below in October of 2008. The median price dropped 6.46 percent to $144,700, from $154,700.

Every price range including homes priced under $69,999 showed an increase in the number of sales in Houston home sales. Homes under $29,999 had a dramatic increase of 29.45 percent, homes in the $30s increased by 15.98 percent, and the other ranges have increases of less than five percent. It also explains why homes under $100,000 were 23.3 percent of sales this year, versus 20.3 in 2007.

The largest decrease occurred with homes priced between $140,000 and $159,999. There was a drop of 25.1 percent, or 2027 homes. These homes accounted for 9.3 percent of the market, which is a drop of 1.3 from 2007.