According to the National Association of Realtors (NAR) Median Home Sales Price of Single Family Homes for 2nd QTR 2009:
Houston - $157,400 - second highest of all time
Phoenix - $131,000 - (down from over $260,000 in 2006...yikes!)
Houston's real estate market continues to thrive and remains a healthy market for homebuyers. I reference the median home price in Phoenix to showcase the drastic change in value in such a short period of time. By in large, Houston did not experience the "bubble" and therefore contines to grow as so many other markets suffer. I feel very fortunate to be a homeowner and real estate professional in Houston (and The Woodlands) with the opportunity to help homebuyers and home sellers.
According to Houston Association of Realtors (HAR.com) July 2009 data, Houston's monthly inventory of single family homes decreased slightly in July 2009 from 6.7 to 6.5; national average is 9.4 months. To date in The Woodlands:
Month's on inventory =5.7 The number of homes sold in previous 12 months =1,800 Average sold price = $331,518 Average list price =$564,990
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