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Home price trends in Houston

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City-by-city price comps

Space City has seen homes filling undeveloped spaces, but a significant drop-off in residential construction is expected this year. Houston has one of the best forecasts of the 40 markets studied. Although resale prices are slipping, they have been relatively stable compared with other large markets due to a balanced inventory, which is keeping consumer confidence steadier than in most markets, according to John Burns Real Estate Consulting.

Median price end of 2008: $142,100
Median price end of 2007: $150,300
Percent change: -5.5%
Projected change through Q3 2009: -0.3%
Affordability rating: 0.0
Foreclosures in 2008:
(1 for every 66 households)
Foreclosures in 2007:
(1 for every 82 households)
Change in foreclosures: 28.4%
Expected to hit bottom: Q3 2009
Percent drop needed to reach bottom: -0.2%
Current rate comparison
» Click here to view the Top 40 map.
Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $148,400
Q2 2008 local median price: $153,400
Q3 2008 local median price: $160,200
Q4 2008 local median price: $142,100

 Back to the 40-city chart overview.