Thursday, June 28, 2012

Are Houses Selling in Houston?

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 

No comments:

Post a Comment