Hurricane Ike Blows Away September Sales
According to the recent press release from the Houston Assn of Realtors, property sales in the Houston area declined further in September, due largely to the widespred devastation caused by Hurricane Ike and the resulting interruption to many real estate transactions.
As in previous months, the average price of a single-family home held its ground. In fact the average price actuall rose 4.4 percent (over Sept. 2007 figures) to $211,660, the highest level ever for a September in Houston. The median price rose 5% to $157,500 , also an all-time September high.
Sales of all property types in September totaled 4,189 which was 29.5% down from September sales in 2007.
Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update