What is hot in the Houston real estate market? Which price range do people buy the most? Going through the figures in today’s Houston Chronicle (quoted source from HAR), I found that even though more people are buying in the $150,000 - $249,999 range than in other price ranges, it is apparent that people are moving up, and houses in the price range of $250,000 - $499,999 are in hot demand.
Here is a list of the shares of sales for June 2012:
Share of Sales
$150,000 - $249,000 28.2%
$80,000 - $149,999 27.7%
$250,000 - $499,999 22.2%
Less than $79,999 13.8%
$500,000 and up 8.1%
However, if you look at the change in sales volume in June by price category from the previous year:
Sales activity
By Price range
Up to $79,999 3.4%
$80,000 - $149,999 8.6%
$150,000 - $249,999 19.6%
$250,000 - $499,999 25.2%
$500,000 and above $27.2%
The sale in June is best in nearly 5 years across the board, and the higher the price category, the increase of sales compared with previous year is higher. That is wonderful news for higher end homes.
items