Houston Real Estate Starts 2010 on an Upward Trend.
Expanded and Extended 2010 Homebuyer IRS Tax Credit will Boost Houston Sales.
Houston real estate sales in December 2009 experienced:
- A 2% decline in single-family homes or a total of 4,456 sales.
- A 13% increase in dollar volume sales for a total of $976,817,584. Dollar volume was lower than last December yet higher than November’s $899,046,012.
- A 15% increase in average sales price which is currently $219,214.
- Days on the Market [DOM] – the time it takes on average to sell a single-family home in Houston declined 12% and is currently 83 DOM.
- Pending sales dropped 21% for a total of 2,267 contracts written.
- Current listings are down 6% for a total single-family listing count of 26,086. While most of these statistics look flat in comparison to November 2009, there were two reasons for last November’s real estate rally. Click here for more on the story.....