December 2008 saw 30 more sales than November 2008, but it was down 12.46 percent from the previous December and down 34.79 percent from December 2006. The city finished the year with only one month experiencing a growth in sales, September, and that increase was only 3.68 percent. No month saw increases in the two year percent change. December was down almost 35 percent, which is the third highest change after October and November.

Additionally, both the mean and median home sale price dropped. Between December 2007 and December 2008, the average price of a home in Corpus Christi decreased by 11.84 percent. This December, the average price was $145,900, which is the lowest price seen since February 2007. The median price was $133,100, which is in the bottom quarter for the year, and 4.45 percent lower than the $139,300 median price of December 2007. The average and median are also converging, suggesting there are no big investors on either end of the market, i.e. a person buying a lot of cheap properties, or an elite class purchasing few, but expensive luxury homes.

This phenomena is illustrated with the price range analysis. There is not a single category of home increasing in number of sales between 2007 and 2008. Even the property selling for under $29,999 experienced a loss, granted is was a marginal loss of 1.58 percent. The largest drop occurred with homes valued above $500,000. There was a 31.55 percent loss in the number of sales in this price range.

Homes between $100,000 and $160, 000, a range which includes both the average and median home price for the area, saw a drop of 16.1 percent.