July 14, 2011 home sales rise
|CATEGORIES||JULY 2010||JULY 2011||PERCENT CHANGE|
|Total property sales||5,091||5,962||17.1%|
|Total dollar volume||$1,070,466,812||$1,270,258,331||18.7%|
|Total active listings||55,247||50,022||-9.5%|
|Total pending sales||3,267||3,659||12.0%|
|Single-family home sales||4,313||5,034||16.7%|
|Single-family average sales price||$222,534||$224,110||0.7%|
|Single-family median sales price||$159,490||$160,000||0.3%|
July sales of single-family homes in Houston totaled 5,034, up 16.7 percent from July 2010. This marks the third increase of the year after an 8.4 percent gain in January and 0.5 percent bump in June. The July number represents the second highest sales volume month of the year. June was higher with 5,570 homes sold.
On a year-to-date basis, sales are down 2.2 percent. When compared to July of 2009, a year in which there were no unusual real estate market influences such as Hurricane Ike in 2008 and the 2010 home buyer tax credit, single-family home sales were down 12.2 percent.
Broken out by segment, July sales of homes priced below $80,000 rose 15.8 percent; sales of homes in the $80,000-$150,000 range climbed 17.7 percent; sales of homes between $150,000 and $250,000 increased 18.5 percent; sales of homes ranging from $250,000-$500,000 advanced 13.7 percent; and sales of homes that make up the luxury marketpriced from $500,000 and upsoared 25.7 percent.