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Are Houses Selling in Houston?

Posted 07-26-2012 at 07:42 PM by HoustonPharaoh


Are Houses Selling in Houston?
With the uncertainty in today's economy, home sellers are wondering if the houses are selling in the Houston area.
I would like to tell you that the Houston Market is strong and not like the east and west coasts. Home prices might have dropped in some areas because of foreclosures and short sales but we are talking about 10-15% of the whole real estate market in Houston.

Here are the homes sold sorted by price range in the Houston Area in 2011 compared to the home sales in 2010
Price Range
2010
2011
*
Up to $100,000
12,073
13,462
12%
$100k to $200k
21,333
20,774
-3%
$200k to $300k
8,920
9,300
4%
$300k to $400k
4,015
4,415
10%
$400k to $500k
2,070
2,185
6%
$500k to $600k
1,024
1,099
7%
$600k to $700k
674
705
5%
$700k to $800k
377
433
15%
$800k to $900k
274
321
17%
$900 to $1M
199
224
13%
$1M to 1.5M
437
463
6%
$1.5M to 2M
161
154
-4%
$2M +
127
143
13%
Total Homes Sold
51,684
53,678
4%

Currently, the market has a shortage supply which are the houses for sale and good houses can be sold in 10 days.
*
Would you like to know if houses are selling in your area, please feel free to*contact me*
See*All Homes for Sale in the Houston*Area
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