The Houston Association of Realtors’ most recently released report shows a market that stayed steady through early summer — more homes sold, more inventory to choose from, and prices holding largely flat.
Sales Are Up, and Steady
Single-family home sales across Greater Houston came in at 8,820 homes, up 3.5% from the same month last year. Pending activity climbed 12.3%, a good sign for closings over the following months. This is not a frenzy — it is a market settling into a rhythm that is far more sustainable than what we saw a few years back.
More Inventory, More Choices for Buyers
Active listings rose 2.1% to 38,839 homes, pushing months of inventory to 5.2 — well above the national average of 4.5 months. Homes are also sitting a little longer, with days on market at 52, up from 50 a year ago. For buyers, that means less pressure to make a rushed decision and more room to negotiate.
Prices Are Holding Steady
The single-family median price was essentially flat at $345,000, while the average price rose 1.2% to $455,159, lifted in part by continued strength in the $1 million-and-above segment, where sales climbed 17.1% year over year. For most buyers shopping in the middle of the market, that stability is good news.
What This Means If You Have Been Priced Out
If you stepped back from house hunting over the last couple of years, this is a market worth another look. Rising inventory gives you leverage on price and terms, and a knowledgeable local loan officer can help you structure an offer that works in today’s rate environment — including buydown and down payment assistance options many buyers do not know exist.