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 –
- 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:
- Altos 25-City Composite: National market trends
- California: San Francisco, Sacramento, Los Angeles & San Diego
- The Pacific Northwest: Seattle, Portland, Boise & Reno
- The Southwest: Phoenix, Las Vegas, Denver & Salt Lake
- Texas: Dallas, Austin, Houston & San Antonio
- The Midwest: Chicago, St. Louis, Milwaukee & Indianapolis
- The Southeast: Atlanta, Charlotte, Raleigh & Nashville
- Florida: Tampa, Orlando, Miami & Jacksonville
- The Northeast: New York, Boston, Philadelphia & Washington DC