An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

Southeast Texas Home Sales in September
Vidor, Texas Home Sales: Market Statistics

Home Sales in Southeast Texas: Five Year History

Let's start with a disclaimer:  Home sales include all areas of Southeast Texas including: Lumberton, Orange, Vidor, Sour Lake, Mid-County.  All data is from the Beaumont, Texas Multiple Listing Service.

Now let's look at the data!

5yr_Q3

First chart above shows the total number of homes that sold each month for the past five years.  Three facts worth taking note of:

  1. 2007 is clearly the peak of the Southeast Texas housing market.
  2. 2010 is clearly the trough of this five year cycle.
  3. The month with the fewest overall sales is September 2008 (remember Hurricane Ike?)

Second chart below shows the trend line of total sales from Q1-Q3 for the past five years.  

5yr_lineQ3
The number 1 represents the year 2006.  The number 2 represents the year 2007.  So on.  You get the picture.  Three facts worth taking note of:

  1. From peak to trough sales are down approximately 28%.
  2. Since 2007 the total number of sales has been on a downward trend.
  3. 1,664 is the average number of sales through Q3 during the five year history.

Third chart below is for the number crunchers reading this post. This one will show you the number of sales by month for each year.  

5yr_dataQ3

Three facts to think about:

  1. Do you think this is the bottom of the cycle?  
  2. What do you think it will take to get the Southeast Texas housing market back on track?
  3. There will probably never be a better time to buy a house than right now. 

Let me know what you think about the Southeast Texas housing market.  Comments are always welcomed!  Better yet, contact me if you are ready to seize this opportunity and buy a house before the chance of a decade passes us by.

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