Corpus’s 178 sales lowest since January 1999
February 25, 2009
There were 178 home sales in January 2009 in Corpus Christi. These sales are down 28 percent from January 2008, which was itself down 11.43 percent from January 2007, and down 36.43 percent from its 2007 counterpart. The last time Corpus Christi had sales this low was January 1999, a month posting 175 sales. It is also the first time the city had sales under 200 since January 2000, when the city had 183 home sales.
The average home price was $149,000. This is a $4000 increase from December 2008, which was the lowest average since October 2006. The sales are down 2.55 percent from January 2008. That mean price was in the bottom quarter of prices for 2008. The median price is even lower, at $129,600. This is up from one year ago; however, it is only up by 1.49 percent and is the lowest price posted since January 2008.
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