Median sales price (half of all homes sold are priced higher and half are priced lower) in Dec. 2009: $145,500, up 3.5% from Dec. 2008
Median sales price for 2009 (year-to-date estimate): $145,800, statistically unchanged from 2008
Average sales price in Dec. 2009: $193,700, up 9.6% from Dec. 2008
Average sales price for 2009 (year-to-date estimate): $185,500, down 3.2% from 2008 Source: Real Estate Center at Texas A&M University
Sales prices in states that had rapid rises and drops in values
Arizona median sales price in Nov. 2009: $134,900, down 7% from $145,000 in Dec. 2008
Florida median sales price in Nov. 2009: $140,400, down 10% from $155,300 in Dec. 2008 Sources: Florida REALTORS®, Arizona Regional MLS
National home sale prices
National median sales price in Dec. 2009: $178,300, up 1.5% from $175,500 in Dec. 2008 Source: National Association of REALTORS®
Home prices appreciation
Texans spend an average of 6 years in their home
The median home sales price in Texas has increased $16,700 from Dec. 2003 to Dec. 2009
The average home sales price in Texas has increased $28,600 from Dec. 2003 to Dec. 2009 Source: Real Estate Center at Texas A&M University
Texas home sales
Total sales in 2009: 212,867, down 8.4% from 2008
Total sales in Dec. 2009: 16,128 up 50% from the beginning of the year (based on a total of 10,727 home sales in Jan. 2009)
Months of inventory (how long it would take at the current rate to sell all homes on the market) in Dec. 2009: 6.3 months Source: Real Estate Center at Texas A&M University
Mortgage rates
30-year fixed-rate mortgages for the week ending Feb. 5, 2010: 4.94%
15-year fixed-rate mortgages for the week ending Feb. 5, 2010: 4.33% Source: Mortgage Bankers Association
30-year fixed-rate mortgages in August 2008: 6.48%
30-year fixed-rate mortgages in October 1981: 18.45% Source: Freddie Mac
Loan amount with an $800 payment on a 30-year 4.94% loan: $150,049
Loan amount with an $800 payment on a 30-year 6.48% loan: $126,832
Loan amount with an $800 payment on a 30-year 18.45% loan: $51,818
Foreclosures
Texas was 29th on the list of foreclosure rates for year-end 2009
Nevada’s (1st on the list) foreclosure rate was down 22% in Dec. 2009 compared to Dec. 2008
California (4th on the list) had six times as many foreclosures as Texas in Dec. 2009
Florida (3rd on the list) had five times as many foreclosures as Texas in Nov. 2009
More than 50% of all Dec. 2009 foreclosure filings in the U.S. occurred in California, Florida, Illinois and Michigan
Foreclosures in Texas increased 4% from 2008 to 2009 Source: RealtyTrac
