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
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