By Tom Plant   
Posted on Apr 27,2010
Single family home sales in Houston for the First Quarter 2010 were even with the same period last year. Sales of homes priced under $350,000 were down 3% and sales of homes priced above $350,000 increased 36%.

Many of Houston's upper end neighborhoods showed strong signs of recovery. However, Tanglewood has yet to experience increased demand. In the First Quarter of 2010 there were 7 homes sold in Tanglewood, one more than in 2009. In the important more than $1 million category, 4 homes were sold, one fewer than 2009. At the sales rate of the First Quarter, it will take 3 years to clear the Tanglewood inventory of homes priced more than $1 million.

Detailed statistics are:

Based upon information from the Houston Association of Realtors® or its MLS for the periodJanuary 1,2009 to March 31, 2010.

Post Category: Housing Market

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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