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HOUSTON MARKET
According to HAR
(Houston Association of Realtors)
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CATEGORIES |
Full-Year 2009 |
Full-Year 2010 |
PERCENT CHANGE |
|
Single-family home sales |
54,531 |
51,428 |
-5.7% |
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Total Property Sales |
63,803 |
60,871 |
-4.6% |
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Total dollar volume |
$12,499,040,325 |
$12,364,327,660 |
-1.2% |
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Single-family average sales price |
$203,626 |
$211,765 |
4.0% |
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Single-family median sales price |
$153,000 |
$153,990 |
0.6% |
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CATEGORIES |
December 2009 |
December 2010 |
PERCENT CHANGE |
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Total property sales |
5,290 |
5,131 |
-3.0% |
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Total dollar volume |
$1,096,550,998 |
$1,087,473,477 |
-0.8% |
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Total active listings |
43,185 |
49,005 |
13.5% |
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Total pending sales |
2,700 |
2,821 |
4.5% |
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Single-family home sales |
4,475 |
4,301 |
-3.9% |
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Single-family average sales price |
$216,739 |
$221,613 |
2.2% |
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Single-family median sales price |
$151,400 |
$157,500 |
4.0% |
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Months inventory* |
5.7 |
7.2 |
25.9% |
Single Family Homes (Existing and New Construction)
| Median Sales Price |
N/A |
| Homes Sales |
N/A |
Existing Single Family Homes (Excluding New Homes)
| Sales |
00.00% |
| Median Sales Price |
+6.60% |
| Average Sales Price |
+1.90% |
Townhouse / Condo
| Number of Units Sold |
386 |
| Average Price |
-9.40% |
Lease
| Demand for Renatls |
+26.80% |
| Annual Rate |
+25.50% |
Foreclosures
| Property Sales for Dec. |
-14.20% |
| Median Price for Dec. |
-7.80% |
Houston Real Estate Milestones in December
· At $221,613, the average price of a single-family home reached the second highest level of 2010 and an all-time high for a December in Houston;
· At $157,500, the median price of a single-family home also reached the highest level recorded for a December in Houston;
· At $171,206, the average price of a townhouse/condominium reached the highest level since June 2008;
· At $140,000, the median price of a townhouse/condominium reached the highest level since June 2009;
· 7.2 months inventory of single-family homes is the lowest level in Houston since May 2010 and compares favorably to the national average of 9.5 months
*Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity.
This figure is representative of the single-family homes market. (www.har.com) http://www.har.com/mls/dispPressRelease.cfm
Market Analysis
Clear Lake
Friendswood
Heritage Park
League City
Nassau Bay
Sea Brook
Webster
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