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 .