HOUSTON’S SOUTHAMPTON NEIGHBORHOOD – SECOND QUARTER HOME SALES STALL

Sales of single family homes in Houston’s Southampton neighborhood slowed substantially in the Second Quarter of 2010. Southampton has been a bright spot in Houston’s housing market for the Second Half of 2009 and the First Quarter of 2010. The number of sales in The First Quarter of 2010 was double the level of 2009. However, during the Second Quarter of 2010 there were 6 homes sold compared to 19 in 2009. No homes priced between $1 million and $2 million sold in 2010 despite 14 being on the market.  Here are the details:

Based upon information from the Houston Association of Realtors® or its MLS for the period January 1, 2009 to June 30, 2010.

Here is the comparison to previous years:

Based upon information from the Houston Association of Realtors® or its MLS for the period January 1, 2006 to June 30, 2010.

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