Texas Sales Volume Down Five Percent

According to the Texas Quarterly Housing Report released by the Texas Association of Realtors, Texans bought and sold fewer homes in 2010 than in 2009, but the median price of those homes remained stable from year to year. “Specifically, in 2010, 202,916 homes were sold in Texas, which is five percent fewer than 2009, and the median price for 2010 was $147,600, one percent more than 2009. The report also included statistics for the fourth quarter of 2010. During that period, 43,605 homes were sold in Texas, which was 18.9 percent fewer than the same quarter of 2009. During the same time period, the median price of homes in Texas was $147,400, three percent more than fourth quarter 2009. One particularly bright spot in the report was the real estate recovery evident in Galveston. Having weathered very difficult market conditions since Hurricane Ike battered the coastal area two years ago, that market experienced a quarter-over-quarter increase in sales volume of almost 30 percent and an increase in the median price of more than 30 percent compared to 2009.
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