Houston Single-Family Home Sales Improve 81% Since June 2009
New IRS Tax Credit will Stimulate more Houston Home Sales
The 2009-2010 IRS Tax Credit for home buyers was extended and expanded in November. The new expiration date is April 30, 2010 and the tax credit now includes current homeowners, not just First-Time Homebuyers and income limits were expanded to $225,000. For detailed information on this home buyer advantage, please click here.
With new incentives in hand, every month that passes in 2009, shows great improvement in comparison to the previous months’. The table below shows the difference between the market experienced in February, June and October YTD 2009. As you can see, as 2009 progresses, the single-family housing market is slowly marching toward a healthier market.
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Houston Market Improvement Comparison 2009 of Single-Family Homes
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Market Indicator
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February ‘09
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June ‘09
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Oct. ‘09
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% Change from
June ‘09
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# units sold
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-24%
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-20%
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-11%
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+81%
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Dollar volume sold
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-33%
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-24%
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-14%
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+71%
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Average Sales Price
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-12%
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-6%
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-4%
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+50%
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Median Sales Price
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-8%
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-2%
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-1%
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+50%
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# of Pending Sales
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-23%
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-21%
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-14%
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+50%
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Active Listings
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-20%
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-22%
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-21%
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-.46%
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For more on the story, click here.
