Houston’s August market posts the lowest numbers of the summer
Written by theblog on October 1, 2009 – 1:02 am
The Houston Real Estate Market saw 5,555 home sales in August 2009. August dipped below July’s sales by 724 homes. Not only did August not hit July’s precedent, the sales are also abysmal compared to previous August sales. In August 2008, there were 6,251 home sales. August 2009 was 11 percent lower than its previous year counterpart, and 29 percent lower than August 2007’s 7,856 sales, as seen below.
| Year | Month | House Sales | 1 Yr Change | 2 Yr Change | Average Home Price | % Price Change | Median Home Price | % 1 Yr Change | Active Listings | % 1 Yr Change | Months of Inventory |
| 2007 | Aug | 7,856 | 210,200 | 157,300 | 43,107 | 5.487 | |||||
| 2007 | Sep | 5,581 | 200,000 | 149,900 | 43,038 | 7.711 | |||||
| 2007 | Oct | 5,848 | 195,600 | 146,500 | 42,332 | 7.238 | |||||
| 2007 | Nov | 5,515 | 199,200 | 148,900 | 41,069 | 7.446 | |||||
| 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 | 4,979 | -0.13 | 189,200 | -0.11 | 145,100 | -0.06 | 31,637 | -0.19 | 6.354 | |
| 2009 | Jan | 3,107 | -0.23 | -0.33 | 164,900 | -0.13 | 130,900 | -0.06 | 31,654 | -0.2 | 10.187 |
| 2009 | Feb | 3,782 | -0.25 | -0.32 | 178,900 | -0.11 | 137,800 | -0.09 | 31,999 | -0.2 | 8.46 |
| 2009 | Mar | 4,748 | -0.18 | -0.3 | 190,800 | -0.06 | 145,500 | -0.04 | 32,462 | -0.21 | 6.836 |
| 2009 | Apr | 4,612 | -0.24 | -0.32 | 191,300 | -0.06 | 148,900 | -0.01 | 31,772 | -0.23 | 6.888 |
| 2009 | May | 5,216 | -0.23 | -0.34 | 207,700 | -0.01 | 155,800 | 0 | 31,649 | -0.23 | 6.067 |
| 2009 | Jun | 5,976 | -0.14 | -0.25 | 217,200 | -0.03 | 163,300 | 0.02 | 32,247 | -0.22 | 5.396 |
| 2009 | Jul | 6,279 | -0.07 | -0.17 | 214,900 | -0.02 | 160,900 | 0.01 | 32,643 | -0.2 | 5.198 |
| 2009 | Aug | 5,555 | -0.11 | -0.29 | 208,800 | -0.05 | 159,700 | 0.01 | 32,108 | -0.18 | 5.78 |
Mean home prices fell $6100 compared to July. The $208,800 average was also 5 percent lower than August 2008. Median home prices dropped $1200 from July, which was a drop from June. Unfortunately, this is the one positive note for the months, because median prices were up 1 percent from last year’s August median price.