The one-year drop in home sales for November 2008 was the highest drop seen in a dismal year. Every month in 2008 lost sales from their 2007 counterpart. The lowest drop came in February, which was 8.47 percent lower than February of 2007. This was the only single digit drop in the year. November saw a 32.06 percent loss in sales from the preceding November. Houston did not have a month exceeding its previous year counterpart since August 2007, and this was marginally over half a percent at .58 percent.

Sales over the two-year periods were just as paltry. From May to November, there are double digit drops. The biggest loss came in September, which was 39.11 percent lower than September 2006. November experienced the second largest drop of the year with a loss of 37.06 percent.

Prices also dropped in November. The mean price fell by 6.63 percent to $186,000. This is the lowest mean price since January 2007. The median price also fell by 7.86 percent to $137,200, which is literally the lowest median price in the two year period analyzed. January 2006 was close with $137,600, but one must go back to April 2005 to see similar prices.

The price range sales might illuminate further patterns in the sales data.

Only homes under $40,000 show any increase in sales. Those priced less than $29,999 have increased by a bold19.77 percent. Those between $30,000 and $39,999 have increased far less substantially by 1.35 percent. Every other bracket shows decline the number of sales. The largest drop is in the homes priced from $100,000 to $119,900 with a 31.03 percent loss. All homes priced above $70,000 experienced a double-digit loss from 2007 to 2008.