The Median Single family sales price was also up by 5% to $157,000.

All of these stastistics are per the Houston Association of Realtors (http://www.har.com/)

Up until now, Houston has been largely unaffected by the troubled real estate markes across the rest of the nation.    The financial crises that is occurring on a global scale as well as the drop in the price of crude oil is serving as a bit of a double whammy on the market for October.  Consumer confidence is low.   Potential buyers are putting off the decision to upgrade or buy new.   Hopefully once the dust settles and the markets become more stable, this confidence will return. 

Mark Fuller is head of a top producing resiedential sales team in Houston Texas.  The Fuller Team Specializes in the sales and marketing of Luxury Properties.  Please visit their websites to get more information at http://www.luxuryhomeshoustontexas.com/  or http://www.finehoustonhomestoday.com/