Median sales price (half of all homes sold are priced higher and half are priced lower) in Nov. 2009: $143,500, up 4.6% from Nov. 2008
Median sales price for 2009 (year-to-date estimate): $146,000, statistically unchanged from 2008
Average sales price in Nov. 2009: $183,500, up 2.3% from Nov. 2008
Average sales price for 2009 (year-to-date estimate): $185,100, down 3.4% 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: $135,000, down 13% from $155,000 in Nov. 2008
Florida median sales price in Nov. 2009: $139,000, down 12% from $158,000 in Nov. 2008 Sources: Florida REALTORS®, Arizona Regional MLS
National home sale prices
National median sales price in Nov. 2009: $171,900, down 4.4% from $179,900 in Nov. 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 $18,700 from Nov. 2003 to Nov. 2009
The average home sales price in Texas has increased $23,000 from Nov. 2003 to Nov. 2009 Source: Real Estate Center at Texas A&M University
Texas home sales
Total sales in 2008: 232,101, down 16% from 2007
Total sales in Nov. 2009: 17,408 up 62% from the beginning of the year (based on a total of 10,725 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 Nov. 2009: 6.7 months Source: Real Estate Center at Texas A&M University
Mortgage rates
30-year fixed-rate mortgages for the week ending Jan. 8, 2010: 5.13%
15-year fixed-rate mortgages for the week ending Jan. 8, 2010: 4.45% 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 5.13% loan: $146,844
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 24th on the list of foreclosure rates for Nov. 2009
Nevada’s (1st on the list) foreclosure rate was down 33% in the Nov. 2009 compared Nov. 2008
California (3rd on the list) had six times as many foreclosures than Texas in Nov. 2009
Florida (4th on the list) had four times as many foreclosures than Texas in Nov. 2009
More than 50% of all Nov. 2009 foreclosure filings in the U.S. occurred in California, Florida, Illinois and Michigan
Foreclosures during the third quarter of 2009 in Texas were up 8.72% compared to the third quarter of 2008
Foreclosures in Texas increased 54.2% from 2008 to 2009 Source: RealtyTrac
