Foreclosure property sales in the Houston and surrounding area added up to 20% of total residential property sales so far this year according to data reported from the Houston Association of Realtors. Houston's market has been resistant to the declining trend we see in other markets. 80% of residential property sales are traditional resale or new construction. According to the numbers only 1 in every 5 homes sold is a foreclosure. 
Additional data shows the median home sale price is climbing in the Houston area and currently reports in at $180,000. On the other hand median sales price for foreclosure properties in the area is trending down. This data is based on the overall market and you should consult with a local Realtor to determine the best price to purchase or sell property.
Reports from July's data suggest foreclosure filings coming onto the market is down 20% from the previous month. Overall the numbers have been trending upward for 2011. While the median sales price of foreclosures is near $80,000 currently it does not reflect upon the inventory and selection of foreclosure properties in various price ranges in our area.
Typically the lower priced foreclosure market is more active with seasoned investors, new investors, and first time buyers competitively bidding for these bargain properties. Work with a professional Realtor to analyze the market and properties you are interested in before making an investment. A local expert has access to data and comparables to negotiate more effectively on your behalf. There are many opportunities out there for foreclosure or traditional deals.
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