What home price classes are the hottest selling in Houston through May YTD? 

The following table indicates by price class the top ten hottest selling price ranges in Houston in 2010:

 

 Ten Hottest Selling Price Classes

Houston Single-Family Real Estate

May YTD 2010

Price Class

Sales Year to Date

Active Listings

Months of Inventory

1. $200,000-$249,999

2,147

3,401

7.0

2  $250,000-$299,999

1,561

2,640

7.7

3. $300,000-$399,999

1,487

3,072

8.9

4. $120,000-$129,999

1,297

1,654

5.9

5. $130,000-$139,999

1,221

1,597

5.9

6. $110,000-$119,999

1,160

1,538

6.3

7. $140,000-$149,999

1,059

1,414

6.1

8. $150,000-$159,999

1,034

1,450

6.4

9. $90,000-$99,999

982

1,274

6.1

10$80,000-$89,999

978

1,012

5.2

As you can see from the table above, Houston’s hottest selling home prices range from $80,000-$399,999.  What is also interesting to note is that the months of inventory, on even the hottest selling price classes has risen slightly from last month. This is once more an indication that sellers should stay tuned to activity in their market area, and consider price adjustments to stay competitive.