Is this true? MLS list $95K, sold $50K in Houston, TX

[John Truong]

I just saw this Redfin report this morning, 9919 Sage August Ln.

The house was listed in MLS for $95,000 and Redfin reported that it was sold for $50,000; it is probably worth $150K. Is it possible in the current Houston market? Somebody must have type the sale number wrong.

[Sam Craven]

It was on the market for almost 9mo and it was a short sale.  So my guess is the home owner was minimally cooperative through the process.

Looking at the tiny 5 pictures they posted the house needs updating, and its a large house, so $50k sounds about right.

There are deals on the MLS in Houston, they are just few and far between.