Monday, January 31, 2011

Coastal Bend MLS 2010 Year End Stats

With the state of the economy nationwide, it is certainly not a surprise that the housing market in Corpus Christi has followed the national trend as it took a dip in 2010. Not great news, of course. But there definitely some positives in our market statistics.



First, and most importantly, if you compare Corpus Christi to the rest of the nation we are certainly down less in our housing market on the whole, which also means our recovery time will in turn be much less as well.



In 2010, there were 3,521 homes sold through the Coastal Bend Multiple Listing Service. That compares to 3,658 homes sold in 2009; a total of 137 fewer homes were sold in 2010 as compared to 2009.



The median sales price in 2010 was $135,000 compared to $134,850 in 2009. Total Dollar Volume was $550.085 million compared to $563.794 million in 2009, a decrease of $13.709 million in total sales. Average days on the Market for 2010 was 149, and 148 for 2009 and our current inventory sits at 10.3 months as compared to 10.35 months for 2009.



That is a snapshot of our market for 2009 as compared to 2010.