What home price classes are the hottest selling in Houston right now? The following table indicates by price class the hottest selling price ranges in Houston in 2009:
|
Top Ten Selling Price Classes
Houston Single-Family Real Estate
Third Quarter YTD 2009 |
|
Price Class |
Sales Year to Date |
Active Listings |
Months of Inventory |
|
1. $200,000-$249,999 |
4,712 |
2,666 |
5.9 |
|
2. $250,000-$299,999 |
3,220 |
2,176 |
7.0 |
|
3. $300,000-$399,999 |
3,213 |
2,534 |
8.1 |
|
4. $130,000-$139,999 |
2,557 |
1,129 |
4.5 |
|
5. $120,000-$129,999 |
2,541 |
1,296 |
5.1 |
|
6. $110,000-$119,999 |
2,274 |
1,296 |
5.7 |
|
7. $140,000-$149,999 |
2,214 |
1,182 |
5.5 |
|
8. $150,000-$159,999 |
2,181 |
1,103 |
5.2 |
|
9. $90,000-$99,999 |
2,027 |
1,155 |
5.8 |
|
10. $160,000-$169,999 |
1,981 |
1,004 |
5.2 |
As you can see, the top 10 selling price classes in Houston range from a low of $90,000 to a high of $399,000, and therein lies the largest demand for single-family homes in the Houston Multiple Listing Service.
Prudential Gary Greene, Realtors® feels certain that fourth quarter 2009 sales will exceed fourth quarter 2008, which was interrupted by a devastating hurricane, economic uncertainty and a barrage of bad news. The Houston market has experienced a loss of confidence and uncertainty of the future, especially during the months following Hurricane Ike. The market improvement comparison table above indicates that our market is on the road to recovery. This market also spells opportunity, particularly with the IRS Tax Credit, to purchase a home before Houston experiences an upswing in the market, which inevitably will happen. The best time to capitalize on a “bounce-back” is before it bounces back.
Data derived from the Houston Association of Realtors® Real Estate Information Services and compiled by Toni Nelson, Director of Strategic Initiatives for Prudential Gary Greene, Realtors®. Market statistics occurring outside the HAR MLS are not reflected in thi
