This year versus last year: October

October 2008

Monthly Real Estate Activity Report & Statistics

Houston MLS area 39

• 223 New listings for Single Family Homes, Average List Price $346,937
• 91 Homes Pending to close, Average List Price $218,572
• 67 Homes Closed, Average Closed Sales Price $227,454

This month seller's averaged 95.06% of their asking price.
Average days on the market where 103 days.

Compare these stats with last year's October Sales...

October 2007 Monthly Real Estate Activity

• 223 New listings for Single Family Homes, Average List Price $283,829
• 109 Homes Pending to close, Average List Price $222,862
• 96 Homes Closed, Average Closed Sales Price $224,265

At this time last year Seller's averaged 97.05% of their asking price. The average days on the market was 96 days.

43% more homes closed in October 2007 than in October 2008. Many factors are involved here, Hurricane IKE slowed down the closing process for many.