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Houston Luxury Real Estate Articles and insights to the Houston area luxury home real estate market as observed by local luxury home expert Mark A. Fuller.

Real Estate Trends

December Monthly Market Comparison

The number of available properties, or active listings, at the end of December declined 1.3 percent from December 2008 to 43,185. That represents 2,267 fewer active listings than one month earlier, in November 2009, and reflects what the industry considers a healthy absorption of housing inventory from the marketplace.

December’s month-end pending sales—those listings expected to close within the next 30 days—totaled 2,700, which was 17.9 percent lower than last year and may signal another decline in sales volume in January. The months inventory of single-family homes for December came in at 5.8 months, up from 5.6 months one year earlier, but remains better than the national months inventory of single-family homes of 6.5 months, reported by the National Association of REALTORS® (NAR).

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CATEGORIES DECEMBER 2008 DECEMBER 2009 PERCENT CHANGE
Total property sales 5,250 5,267 0.3%
Total dollar volume $976,206,405 $1,102,344,093 12.9%
Total active listings 43,748 43,185 -1.3%
Total pending sales 3,290 2,700 -17.9%
Average single-family sales price $190,417 $219,214 15.1%
Median single-family sales price $145,000 $152,550 5.2%
Months inventory* 5.6 5.8 1.9%

Mark Fuller is a leading real estate professional specializing in Luxury Homes In Houston Texas.

He is a Certified Luxury Home Marketing Specialist in Houston Texas.  He can be reached during the day at 713-470-2161. Visit his website to see more at www.luxuryhomeshoustontexas.com .