The Houston MLS Press Release for October 2009 has just been posted. The press release highlights the activity in the Houston real estate market that is steering the market back - so much so, that October 2009 numbers show a second consecutive month of positive sales volume.

According to the press release sales figures for October showed an increase for the sixth straight month in the single family median price at $149,000. The average price of a single family home in Houston for the month of October 2009 was $198,639 which is up 3.2% over last October 2008 which was affected by Hurricane Ike. Both median and average price for October 2009 reached the highest levels on record for the month of October in Houston.

CATEGORIES OCTOBER 2008 OCTOBER 2009 PERCENT CHANGE
Total property sales 5,010 5,716 14.1%
Total dollar volume $942,371,320 $1,092,415,904 15.9%
Total active listings 49,016 45,424 -7.3%
Total pending sales 3,579 3,673 2.6%
Average single-family sales price $192,453 $198,639 3.2%
Median single-family sales price $141,950 $149,000 5.0%
Months inventory* 6.3 6.1 -2.8%
* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Read the Houston MLS Press Release for October 2009

Source: HAR.com