Year-End 2009 Trends: Texas (Dallas, Houston, Austin & San Antonio)

December 31, 2009

by Scott Sambucci

2 comments

Marching along on our look at the US Housing Market by region, here’s the 2009 year-end Median Ask Price and Active Inventory trends for the major Texas markets – Dallas, Houston, Austin and San Antonio, with some quick analysis based of what we’re seeing in each city –

TX Mkts - 12-28-09

Median Ask Prices: Dallas, Houston, Austin & San Antonio (90-day rolling average)

Supply of Active Listings: Dallas, Houston, Austin & San Antonio (90-day rolling average)

Supply of Active Listings: Dallas, Houston, Austin & San Antonio (90-day rolling average)

  • All four markets are showing relative health compared to most other metro markets across the US.  Much like Denver profiled earlier this week (See “Year-End 2009 Trends: The Southwest“), Dallas avoided the bubble market designation and is bucking the national trends  showing steady price level increases going into 2010. There is a clear downward trend over recent months however.  The early weeks of 2010 should provide some visibility about the severity of these trends.
  • Inventory trends in both Austin and Dallas are steady and exhibiting seasonal effects over the past three years.
  • Houston inventory experienced a significant drop-off throughout 2008, then steadied in 2009.
  • San Antonio inventory declines lagged Houston, peaking in early 2009 and declining steadily since.

Check out the other regions we’ve reviewed/will be reviewing over the  next week:

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